Advanced-6 Minute English-Why are prices going up?
Description
Around the world, prices of things are rising more than normal, and more worrying is that prices keep going up. Rob and Beth talk about inflation and teach you related vocabulary along the way.
This episode's question:
According to one report, what was the annual inflation rate in Venezuela between November 2017 and 2018?
a) 130%
b) 1,300%
c) 1,300,000%
Listen to the programme to find out the answer.
Vocabulary:
1. inflation
increase in prices of things over time
2. hit in the pocket
have less money to spend
3. volatile
unpredictable and can change suddenly
4. sustained
continues at the same level for a long period of time
5. effective
works well and gets the best results
6. interest rates
fees banks and financial institutions charge you for borrowing money
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