Claim: Price inflation is "soaring" at a two year high of 1%.
Fact-check: Adjective inflation: are prices "soaring"? - Full Fact
Verdict: it's correct that consumer price inflation is at a two year high. but that's far from a "soaring" rate of inflation.
Organisation: Full Fact
Author: Richard Braham
Date published: 2016-10-20T00:00:00