Birdwatch Note Rating
2024-08-16 04:06:15 UTC - HELPFUL
Rated by Participant: 9DD77068593D6020E5C526B8545D7C66C5B58FF20230FAD1462E434AF5C340A8
Participant Details
Original Note:
There is no notable price gouging in these industries. According to the most recent data available from NYU (January 2024,) the average net profit margin in the retail grocery and food industry was 1.18%. The recent food prices have been due to high labor prices, not profit. https://pages.stern.nyu.edu/~adamodar/New_Home_Page/datafile/margin.html?nofollow=true
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