Birdwatch Note Rating
2023-08-17 02:02:39 UTC - HELPFUL
Rated by Participant: 74345DB4AB0DC9F72E396961941F9AE6E74FC260054F3997ACFB25B122BDDEB8
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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