Birdwatch Note Rating
2023-08-17 00:46:23 UTC - HELPFUL
Rated by Participant: 2071F84CA9F6C57A32E5FE6137A06D7E9C282C90D0FF5DC03430E7F3DACAB30F
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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