Birdwatch Note Rating
2023-08-17 02:36:33 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 48A029CD1A773E9D4681264B71203C6B3C92CC78A8E78F3D4A0A5A9ED89A6C06
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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