Birdwatch Note Rating
2023-08-17 15:27:59 UTC - HELPFUL
Rated by Participant: 40DDB55C7E858B338EABB2FF81A8B82B1436CE2BD40B095832ECEEE0C3C534DF
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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