Birdwatch Note Rating
2023-08-24 06:50:02 UTC - HELPFUL
Rated by Participant: B45A80D88FF929028D65FFE1D17D628F3324AE8DC2B69BAAF50108A08F64C0F7
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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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