Birdwatch Note Rating
2023-08-17 13:03:36 UTC - HELPFUL
Rated by Participant: D37E636B5A75B4E1D2A862926AAC7055815EDEFCC93B104E8CC825328EA05F87
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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