Yesterday, the United Kingdom's (UK) inflation rate was reported to have skyrocketed to a new high in July to 10.1%, the highest inflation rate the UK has seen in 40 years and that is not all, this year is the first year ever for UK inflation rate to hit double-digit annual increase in more than four decades, which is not good, but this UK inflation rate spike above the expectation of 9.8% by economists, is now making a lot of people to question the credibility of the U.S. and Canadian inflation rates that dropped in the same month of July.

The United States inflation rate dropped from 9.1% to 8.6% which I still think is too high but 8.6% is better than 9.1% anytime any day. While Canadian inflation also dropped from 40 years high of 8.1% set in June to 7.6% in July, which isn't bad and not so good either, but United Kingdom's inflation rate took the opposite direction and rose instead of dropping like U.S. and Canada, is there something that the UK is doing wrong? that the U.S. and Canada are doing right?

People's Thoughts And Speculations About U.S, Canada Inflation Rate And Uk Inflation

A lot of people online are beginning to question if the inflation rate in Canada and the United States really dropped or was is it a lie to get people off the government's back or maybe stop people from thinking that crypto is an option to escape the high rise of inflation, but in my opinion for the crypto part, I don't think the government can stop people from seeing crypto as an option because whether the inflation dropped or not in July a lot of people were already and are still opting in for crypto over fiat system.

Some people think the United States and Canadian governments see no issues with changing how they calculate the weighting of petrol or fuel and other things in their inflation calculation to control the narrative because petrol or fuel dropping has pulled the U.S and Canada inflation numbers down more than it would have using last years calculation. meaning inflation in the US and Canada is down because they moved the goal post, What do you think?

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