Birdwatch Note Rating
2024-08-15 23:36:41 UTC - HELPFUL
Rated by Participant: D25019640BBDF1818EFCA0E16C3F278DEB90C29B745BA3D6F1CD62E3265C761A
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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