Birdwatch Note Rating
2023-07-26 15:31:51 UTC - HELPFUL
Rated by Participant: 1EFAA499E6598AD498E8215EB2D64AD439062C72E2397081CC2652941F2B1589
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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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