Birdwatch Note Rating
2024-08-16 08:53:30 UTC - SOMEWHAT_HELPFUL
Rated by Participant: F9760B0C9DDB2DA92DFAE2E66F8FE9A6D62809AB01C31CB45B61437A38FDCD49
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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