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“Inflation is high across the world’s major economies”

PM Liz Truss, Conservative Conference Speech

5 October 2022

Facts

It is true that inflation is rising globally. However, as Full Fact pointed out  As of August, the UK inflation rate is the highest in the G7. Japan currently has the lowest inflation rate in the G7 at 3%.”

Verdict

Liz Truss’ was right to say that inflation was high “across the world’s major economies.” But her remark obscured the fact that British inflation is higher than any other country in the G7.

We emailed Liz Truss’ office offering her the chance to respond. The email was received, but no reply.  

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