Birdwatch Note Rating
2023-08-17 07:50:58 UTC - SOMEWHAT_HELPFUL
Rated by Participant: CFBCBE2CE8030B7D047897B5C2EBD9B36B651258D38BD0C9D0A9E2E9628882C0
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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