Birdwatch Note Rating
2023-08-23 15:06:36 UTC - HELPFUL
Rated by Participant: 7804D68A4FD74EA8AFDA2A9DA87D6C56A4CD775F0143424C06F5EEA32D593458
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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