Birdwatch Note Rating
2023-08-16 21:46:44 UTC - HELPFUL
Rated by Participant: 2495C10BBACBBFEB69BDE8FF3AE74F40714419899A4D614FA1F6188EC02F8AF8
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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