Birdwatch Note Rating
2024-08-16 00:40:19 UTC - HELPFUL
Rated by Participant: B368E603D63ABAA25B19375B06DFA076766F56BC1D2354503AB2D7116DFF9689
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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