Birdwatch Note Rating
2024-08-16 20:10:12 UTC - NOT_HELPFUL
Rated by Participant: B897F6C01959CB430880B001C9B865F118C31B73BFF608CB9440C1239EF569E7
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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