Birdwatch Note Rating
2023-08-16 22:45:45 UTC - HELPFUL
Rated by Participant: EC6F2454960CEE348ADA79B0EDCCA213D53C4546C5C9DD4E7F0E451323D0511D
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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