Birdwatch Note Rating
2023-07-26 21:33:19 UTC - NOT_HELPFUL
Rated by Participant: 4CD6DC917599504FCBA3E3E26F5156A76DB3A2345AF4D1B6472633AC2A78C346
Participant Details
Original Note:
The tweet/X is misleading and contains a factual error. While it is correct that the RATE of inflation has been reduced, inflation has not been reduced and is actually still increasing by approximately 3%. For inflation to be reduced, the rate would have to be negative. https://www.investopedia.com/ask/answers/111414/what-causes-negative-inflation-or-deflation.asp https://www.equifax.com/personal/education/personal-finance/what-is-inflation/#:~:text=does%20inflation%20work%3F-,Inflation%20occurs%20when%20the%20prices%20of%20goods%20and%20services%20increase,unit%20of%20currency%2C%20to%20decrease.
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