Birdwatch Note Rating
2024-08-15 23:49:05 UTC - HELPFUL
Rated by Participant: FD927283EE1709AAAAF95FFEC6E48CDD1CCB2393F321BD1751170E2D79C9193C
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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