Name: Why are prices going up? - 6 Minute English
Uploaded: 2022-07-08T16:45:11.000Z
Duration: 6 min 20 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

In this programme, we’re talking about money -

You mean it’s very important and lots of

Well, we all need money – but have you noticed

Yes, I have Beth. It seems like consumers

Now, I’m no economist, but I know this has

a lot to do with inflation - the increase

It’s a big problem globally, and Beth my

OK. We’ll find out if you’re right later on.

in price – energy, like gas  and electricity, and food.

There seem to be two main reasons – the

which has reduced the supply in things we need.

And when things are in short supply – available

price rises could be around for a while…

Even if you take out some of these volatile

items like food and energy, the sustained

price increases we've had, it is actually

getting passed through into how companies

and that's where it gets extremely worrying

because that suggests that even if energy

at the same level for a long period of time.

charging more for their goods and services.

which have industry that’s less developed

Another possible consequence of inflation

country’s production starts going down,

Well, that’s the million-dollar question,

and economists are trying to work it out.

most effective, is by slowing down demand.

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Why are prices going up? - 6 Minute English

pandemic

situation

expression

period