Birdwatch Note Rating
2023-12-20 14:34:51 UTC - HELPFUL
Rated by Participant: 54A9E832504501CB2B52DA778DEC1C834B89F9A4A03F8F4EEFB56DB638303AEF
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Original Note:
The inflation rate refers to prices for goods and services compared to the same point one year previously. Therefore an inflation rate of 3.9% means that things cost more not less than previously. It cannot be interpreted as people having more money in their wallet as stated. https://www.thebalancemoney.com/what-is-inflation-how-it-s-measured-and-managed-3306170#:~:text=The%20percentage%20tells%20you%20how,will%20cost%20%242.04%20next%20year.
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