Birdwatch Note Rating
2023-08-17 09:17:32 UTC - HELPFUL
Rated by Participant: 6F0A579220794EE241301FFE9027046E4E41519012979806EF3052556AB1D11E
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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