Birdwatch Note Rating
2023-08-18 03:16:13 UTC - HELPFUL
Rated by Participant: E4DB8289DCB9BF0ADF8EE060B25AB96F41B833B7275BB78F0975A0ADE398A2D8
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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