Birdwatch Note Rating
2023-08-17 21:39:40 UTC - HELPFUL
Rated by Participant: 3CF9C2CB70C049CDBFE7305B5D99F27F8B1021F7BCB3ADA816B5E42556578E9A
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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