Birdwatch Note Rating
2024-08-16 19:21:32 UTC - HELPFUL
Rated by Participant: DD0625BD261455E727C1E6776B5DD9EF26840E1192D3EBE93A8EA92E538C3090
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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