5 Stories About Inflation and the Cost-of-Living Crisis

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

Published Jan 19, 2023

SEOUL, SOUTH KOREA - FEBRUARY 22:  A South Korean banker carries US dollar bank notes at the Korea Exchange bank on February 22, 2005 in Seoul, South Korea. The South Korean won jumped to its highest intraday level in more than seven years in domestic trade on Tuesday, boosted by strong foreign equity buying and exporter deals. (Photo by Chung Sung-Jun/Getty Images) (Getty Images)
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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.

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