Birdwatch Note Rating
2023-08-17 09:27:38 UTC - HELPFUL
Rated by Participant: 82271E4E8F30A6907211D013648AA3BE93D9854789A950951490BC56D0B8FC4A
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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