Birdwatch Note Rating
2023-08-17 14:16:07 UTC - HELPFUL
Rated by Participant: 0E6F61D8F6596335FD11A0EF889B1CBE1AA025B7DCA048FDD135D265F59530BB
Participant Details
Original Note:
While it is true that inflation increases living costs, reducing it will not reduce the cost of living to make our money go further, as implied in this tweet. If inflation is halved, prices will continue to rise - albeit half as quickly as they are currently. https://www.instituteforgovernment.org.uk/explainer/cost-living-crisis#:~:text=But%20prices%20will%20remain%20high,previous%20level%20in%20real%20terms.
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