Birdwatch Archive

Birdwatch Note

2023-07-26 14:46:32 UTC - MISINFORMED_OR_POTENTIALLY_MISLEADING

While it is true that the UK (along with many other economies) experienced high inflation in the late 1970's, this was not hyper-inflation (typically described as price rises of 50% or more per month). Furthermore, inflation fell year on year to a low of 3% by 1986. https://www.investopedia.com/terms/h/hyperinflation.asp https://www.economicshelp.org/blog/630/economics/economy-in-1980s/

Written by 3909DAE55D96B73DC253501C0CCE63736B7809724126D99BADC51C841E27E408
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• noteId - 1684213616633937921
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• noteAuthorParticipantId - 3909DAE55D96B73DC253501C0CCE63736B7809724126D99BADC51C841E27E408 Participant Details
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• tweetId - 1683885055695892492
• classification - MISINFORMED_OR_POTENTIALLY_MISLEADING
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• harmful -
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• summary
• While it is true that the UK (along with many other economies) experienced high inflation in the late 1970's, this was not hyper-inflation (typically described as price rises of 50% or more per month). Furthermore, inflation fell year on year to a low of 3% by 1986. https://www.investopedia.com/terms/h/hyperinflation.asp https://www.economicshelp.org/blog/630/economics/economy-in-1980s/