Birdwatch Note Rating
2023-08-23 19:54:57 UTC - HELPFUL
Rated by Participant: 7C725C27780FBD994FD52F0ADE6A0B4F7C3D04C4EE79E47B408EA38FD60D36FC
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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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