Birdwatch Note Rating
2023-12-20 13:44:56 UTC - HELPFUL
Rated by Participant: D8B9B0CEA04B7D5DE71CAE0280414EF1D30471F8C005D73E1C05C9ED11C851E6
Participant Details
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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