Introduction

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 week'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

inflation
increase in prices of things over time

hit in the pocket
have less money to spend

volatile
unpredictable and can change suddenly

sustained
continues at the same level for a long period of time

effective
works well and gets the best results

interest rates
fees banks and financial institutions charge you for borrowing money

220929_6min_english_inflation.pdf