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What is inflation? Why are prices increasing for everyday items? What are the consequences of inflation? How can we control or limit rising prices? Let’s discuss these questions and more on today’s episode of Thinking in English!

TRANSCRIPT - https://thinkinginenglish.blog/2022/10/10/what-is-inflation/

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Vocabulary List

Stable (adj) - firmly fixed or not likely to move or change

I’m looking for a stable job in a bank!

Out of business (idiom) – closed down/no longer in business

My local hairdresser went out of business last month

Hypothetical (adj) – imagined or suggested but not necessarily real or true

This is hypothetical, but if I offered you a job, would you accept it?

Worth (adj) – having a particular value, especially in money

My house is worth $200,000

Keep track of something/someone (idiom) – to continue to be informed or know about someone or something

My sister has had so many jobs, I can’t keep track anymore

Goods (n) – things for sale, or things that you own

There is a 10 percent discount on electrical goods today

Monetary (adj) – relating to money in a country

The recent recession has been blamed on a bad monetary policy

Interest rate (n) – the interest percentage that a bank charges you when you borrow money, or the interest percentage a bank pays you when you save money

Interest rates are increasing

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178. What is Inflation? (English Vocabulary Lesson) 20:18 Share

Thinking in English

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178. What is Inflation? (English Vocabulary Lesson)