Birdwatch Note Rating
2023-07-31 22:42:36 UTC - HELPFUL
Rated by Participant: 1DE6E6F15099A447C73D7BAB96B9BC2FE80D3AE5270BF764C244B1685BDC6206
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Original Note:
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/
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