Birdwatch Note Rating
2023-08-17 14:56:39 UTC - HELPFUL
Rated by Participant: FFD9A6EBE43B0B1D0B47BB0B414106AA67062C6B6B7DC15F35E8BCA40D94A984
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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