Birdwatch Note Rating
2023-08-16 20:54:00 UTC - HELPFUL
Rated by Participant: E8F459E13912688A461205918608FF4990B095BA6BB6CCC7CC2680342EF42A09
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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