Birdwatch Note Rating
2023-08-23 22:44:43 UTC - HELPFUL
Rated by Participant: 7EF61B076517D42D6EB9DDC347E7E35A65C045798435EA9E37121D8C638E4CD7
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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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