Birdwatch Note Rating
2023-08-17 01:38:59 UTC - HELPFUL
Rated by Participant: 21D37C5C05BADB322BBAE45AFCA09AC36D57E8B3889605E1A2C46D7CFB2A510E
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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