Birdwatch Note Rating
2024-08-15 23:27:45 UTC - HELPFUL
Rated by Participant: C84FA9A8F0C2FDB2D014B0C6338B68025383D5ED797DB0C30CCF1A322309BE61
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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