Birdwatch Note Rating
2023-08-17 23:10:12 UTC - HELPFUL
Rated by Participant: F955D19938A3B0F102592E3AB86DD23C742728F9E89851B431AC42140EAA5030
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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