Birdwatch Note Rating
2023-08-17 08:29:05 UTC - HELPFUL
Rated by Participant: 595EC0E23C11D96E3DEECD31134AC81945EB1CB27FF03B946540A0F6160630A4
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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