Claim: Inflation is a tax.
Fact-check: Will halving inflation mean a '5p boost' to incomes? - Full Fact
Verdict: inflation is not a form of taxation—it's a measure of how fast the prices of goods and services are rising or falling. however, inflation and tax can both affect people's disposable income.
Organisation: Full Fact
Author: Hannah Smith
Date published: 2023-10-04T00:00:00