Birdwatch Note Rating
2023-08-19 15:54:57 UTC - HELPFUL
Rated by Participant: 1CC03192C3B372C928C738A417A1584B5D28835BCF337CDBF1841055D2F968EC
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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