Birdwatch Note Rating
2023-07-13 00:37:33 UTC - HELPFUL
Rated by Participant: 8D96E3392AE2B324F152273737F4B7392453544B033CBF7004E5D48290F72000
Participant Details
Original Note:
Lower costs requires negative inflation. A falling rate of inflation means that prices are increasing less than before. https://www.investopedia.com/ask/answers/111414/what-difference-between-inflation-and-deflation.asp, https://www.financialpipeline.com/deflation-primer-the-causes-and-consequences-of-negative-inflation. Current inflation is 3%: prices 3% higher than 12 months ago. https://www.bls.gov/cpi/ Graph is incorrect: June 2022 peak was actually 9.1%. https://beta.bls.gov/dataViewer/view/timeseries/CUUR0000SA0. (Select "12-Month % Change")
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