Collection

Inflation Is Spiking Around the World — Not Just in US

The stark increase to the average cost of living worldwide has led to a haze of confusion and misinformation online. These resources may help.

by Evan Pattison, Aug. 1, 2022


Book, Money, Person

Image courtesy of Getty Images


For many people, including Snopes readers, the economy's health is a primary concern. As the cost of living soars in the U.S. and around the world, we've investigated several inflation-related claims from political leaders and other types of rumors.

We've compiled some of those fact checks, as well as analysis by economists, to help people make sense of the rising prices.


By Evan Pattison

Person, Human, Restaurant

Did a 'Local' Restaurant Post This Note 'Today' About Inflation?

July 18, 2022

An image of an October 2021 post went viral in July 2022, as inflation continued to push prices up.

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Did Biden Say July 2022 Inflation Was “Zero”?

Did Biden Say July 2022 Inflation Was 'Zero Percent'?

Aug. 15, 2022

It’s a statement that is both technically true and somewhat misleading.

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The U.S. is about to spend US$490 billion over 10 years on reducing greenhouse gas emissions, improving health care and reducing the federal deficit. Where’s all that money coming from?

Economist: 4 Things to Know About the Inflation Reduction Act

Aug. 19, 2022

Will the new law actually reduce inflation? How will the corporate minimum tax work?

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Car, Automobile, Vehicle

Why Stagflation is an Economic Nightmare – and Could Become a Headache for Biden and the Fed if It Emerges in US

March 10, 2022

Economists typically focus on the three big macroeconomic variables: gross domestic product, une ...

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Shopping Cart, Person, Human

Inflation Is Spiking Around the World — Not Just in US

Aug. 1, 2022

Here's one economist's take on rising consumer prices across the globe.

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