Birdwatch Note Rating
2023-08-16 18:44:38 UTC - HELPFUL
Rated by Participant: B4856EE7A8A6C2420A9241CB9A58593C7BDDD47052A1BF1C6D1EC88AB8DAA155
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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