Birdwatch Note Rating
2023-10-14 23:10:18 UTC - HELPFUL
Rated by Participant: 3F277595F0EDCB7C67B1E17F1E3773B4280EB2C688E247DCCEEF6C585A7ECF49
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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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