Birdwatch Note Rating
2024-08-16 13:34:23 UTC - HELPFUL
Rated by Participant: C730B93907997B194EB86E555CB39065BDA157A9D8FA39564E0AD9CBC04559BB
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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