Birdwatch Note Rating
2023-12-10 18:39:20 UTC - HELPFUL
Rated by Participant: C8E2403E3F6176C68DCBD2E660507A7ECCD915D612B3F5D9EF38B52AD51B14FC
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Original Note:
Within the G7, a group of 7 of the world's largest advanced economies, Italy and Canada currently have lower inflation rates than the U.S. (Non-G7 member China is also lower.) Lower costs is deflation (negative inflation), not disinflation (lower #s) like we see now. https://www.factcheck.org/2023/12/biden-spins-the-facts-in-campaign-speech/#:~:text=Biden%20said%20that,known%20as%20twitter https://data.oecd.org/price/inflation-cpi.htm https://tradingeconomics.com/china/inflation-cpi https://www.stlouisfed.org/open-vault/2023/august/explaining-inflation-disinflation-deflation#:~:text=Examples%20of%20inflation,and%20deflation
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