Birdwatch Note Rating
2023-08-21 23:57:01 UTC - HELPFUL
Rated by Participant: 950E16CC20B015D38DD7A33ADF0C7A03C640F67BF20D7B94E4FFE45AA14448C0
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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