Birdwatch Note Rating
2024-08-16 00:33:00 UTC - HELPFUL
Rated by Participant: FE997645AAFBCCD63971912259D4D206A984E8CE6C1C109C44A49BE30EF016BF
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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