B1 – Intermediate
Inflation is one of the most important economic issues in the world. It can be defined as the price of goods and services rising over monthly or yearly. Inflation leads to a decline in the value of money, it means that we cannot buy something at a price that same as before. This situation will increase our cost of living.
Listen to this audio and read the transcript about inflation.
https://listenaminute.com/i/inflation.html
Vocabulary Questions:
- What is “inflation rate“? “Zimbabwe once had an inflation rate of trillions of percent.” Use this phrase in a sentence.
- What does the phrase “to keep something under control” mean, “Many countries around the world are fighting to keep inflation under control.”? Use this in a sentence.
- What does “to lose the battle against something” mean, “Sometimes you read about countries that lose the battle against inflation.” Use this in a sentence.
Discussion Questions:
- Why is inflation important to economists?
- Have you changed your spending or your habits because of the rising prices?
- Do you think your government should do more to help people manage in the middle of this problem with inflation? Share your opinion.
- What will happen to the world if prices keep rising?
- What will happen to your lifestyle if prices keep rising?
- What hurts you more, increase in fuel prices or food prices? Why?