Birdwatch Note Rating
2024-08-16 11:45:16 UTC - HELPFUL
Rated by Participant: A1FD137CF2B26AFD4E02D342AD3F565408E26F3ED17ED7129E0D0FA88B435874
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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