Birdwatch Note Rating
2024-08-16 05:31:33 UTC - HELPFUL
Rated by Participant: F61B204F2B887EB3A1461DA1CC17FEE6D6DBF7358F363C728BEC812F004FADB0
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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