Birdwatch Note Rating
2024-02-02 17:46:30 UTC - HELPFUL
Rated by Participant: DEB97CCD217BA87560157F73816096AAFF35E831652B7B59ADE7B1B0EB3C4BFB
Participant Details
Original Note:
£250 in 2010 is equivalent in purchasing power to £386.65 in 2023, an increase of £136.65 over 13 years. The pound had an average inflation rate of 3.41% per year between 2010 and 2023, producing a cumulative price increase of 54.66%. GDP has therefore fallen in real terms. https://www.officialdata.org/uk/inflation/2010?endYear=2023&amount=250
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