Birdwatch Note Rating
2023-08-24 00:01:39 UTC - HELPFUL
Rated by Participant: 6D89B5EB8FB231D63C3DB30126636BE7BEAFAD03F398E6BA3E778C3BE325217A
Participant Details
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/
All Note Details