PeakMetrics / Fact Checks
Economy & business fact checks
Explore claims publishers have checked about economy & business. Read their original ratings and follow the evidence.
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Search by text or image7,090 published reviews in this topic
A newspaper clipping claims that Indira Gandhi appealed to citizens in 1967 to stop buying gold due to a foreign exchange crisis.
Publisher’s rating: MISLEADING
FACTLY reports that The Hindu confirmed the viral clipping was digitally altered and was not an authentic page from its archives. It adds that the government introduced the Gold Control Act in 1968, rather than making the alleged public appeal in 1967.
“The average IRS tax refund is up 11% compared to last year.”
Publisher’s rating: True
Related reporting found average refunds were up 11% through March 13 compared with the same point a year earlier. Later season figures put the average at $3,275, up $333 from the prior filing season. [S3, S1]
Value Added Tax (VAT) has been increased by 2.5% for all goods and services in Sri Lanka.
Publisher’s rating: Missing Context
The review says the claim is misleading: the 20.5% composite rate taking effect on July 1, 2026, applies to banks and financial institutions, while VAT on general goods and services remains 18%. It explains that the composite rate consolidates the existing 18% VAT and 2.5% Social Security Contribution Levy.
Gasoline prices have “come down very substantially today.”
Publisher’s rating: False
گرانی و افزایش قیمت‌‌ها در هفته‌های اخیر توطئه سیاسی از قبل برنامه‌ریزی شده است.
Publisher’s rating: شاخ‌دار
“Consumer confidence is way up."
Publisher’s rating: False
Air India has canceled all international flights until July due to fuel shortages
Publisher’s rating: False
The review says Air India did not cancel all international flights, but reduced some international services through June and July. It attributes the schedule cuts to rising fuel costs and airspace restrictions, rather than a fuel supply shortage.
Fuel prices in Sri Lanka were revised again on April 30, 2026.
Publisher’s rating: False
The review found no fuel-price revision on April 30, 2026, citing confirmation from the Ministry of Energy that no increase had been implemented. It says the most recent adjustment had taken effect at midnight on March 21, 2026.
Russia has officially announced that all future oil and gas deals with Europe will be priced in Chinese yuan.
Publisher’s rating: False
Order issued by the Ministry of Petroleum and Natural Gas increasing petrol and diesel prices by ₹10 and ₹12.50 on 29 April 2026.
Publisher’s rating: FALSE
FACTLY reports that the PIB Fact Check unit said on 29 April 2026 that the viral order was fake and the government had issued no such fuel-price directive. The review also says it found no corresponding announcement from the ministry or public-sector oil companies.
“We are right now producing more oil than Saudi Arabia and Russia combined.”
Publisher’s rating: Mostly True
Indonesia has announced fees for ships transiting the Strait of Malacca.
Publisher’s rating: Misleading
Indonesia’s finance minister raised the idea of charging ships transiting the Strait of Malacca, but the review says it was not an adopted government plan. Indonesia’s foreign minister later clarified that the country would not impose fees, citing international law.
No oil price hikes under Marcos Sr.
Publisher’s rating: FALSE
پاسخ به چند سوال درباره آثار اقتصادی محاصره دریایی ایران
Publisher’s rating: تداوم بسته بودن تنگه هرمز و محاصره دریایی ایران برای اقتصاد دنیا نیز پرهزینه خواهد بود. بیش از یک پنجم تجارت جهانی نفت و نزدیک به یک سوم تجارت جهانی گاز مایع به تنگه هرمز وابسته است.
198 கோடியே 71 லட்சம் ரூபாயை விஜய் 2022-2023 ம் Financial Yearல் Income Tax ஆக கட்டியுள்ளார் @TVKVijayHQ
Publisher’s rating: mileading
A video shows President Anura Kumara Dissanayake promoting a high-return investment scheme.
Publisher’s rating: False
The review says the video is an AI-generated fake promoting a fraudulent investment scheme. It reports that the President had never promoted such a scheme and urges readers not to trust offers promising huge returns in a short time.
“More Americans are working today than at any time in the history of our country.”
Publisher’s rating: Half True
1985 සිට ලංකා නැව් සමාගම සතුව එක් නෞකාවක්වත් නැත් ද ?
Publisher’s rating: Misleading
The review says the company retained the Lanka Muditha and Lanka Mahapola after 1985 and sold them in 2012. It reports that two ships were acquired in 2016 and that both remained with the company at the time of the review.
Milk prices “currently are no higher than they were in 1980’s.”
Publisher’s rating: Mostly True
ශ්රී ලංකාවෙන් සෞදි අරාබියට ජලය අපනයනය කිරීමේ සූදානමක් ගැන පවසන නොමග යවන සුළු සටහන් පෙළක්!
Publisher’s rating: False
The review found no reports of a plan to export Sri Lankan water to Saudi Arabia. It says Sri Lanka’s Foreign Ministry and Export Development Board confirmed they were not working on such a project.