Why are prices going up? 6 Minute English
ฝัง
- เผยแพร่เมื่อ 28 ก.ย. 2022
- 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
[Cover: Getty Images]
You can download audio and text here:
www.bbc.co.uk/learningenglish...
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#learnenglish #inflation #englishvocabulary #costofliving #money
VOCABULARY IN THIS VIDEO
1. broadcaster: someone who speaks on radio or television programmes
2. inflation: increase in prices of things over time
3. hit in the pocket: have less money to spend
4. volatile: unpredictable and can change suddenly
5. sustained: continues at the same level for a long period of time
6. effective: works well and gets the best results
7. interest rates: fees banks and financial institutions charge you for borrowing money
8. According to one report
9. makes sense
10. That’s not good at all
30/09/2022 ALL THE BEST FOR YOU.
Thanks a lot!
Em cảm ơn chị nhiều ạ ^^, nhờ có chị mà em chăm học vocab hơn á
Cho m hỏi là web bbc để xem script giờ ko vô được nữa hả b
ขอบคุณค่าา 🎉
@@nguyettran4357 mình cũng không vào được
Actually, here in my country Syria, we have been facing the same problems since 2012 even life becomes harder . The best thing from this video is that I have learned and recycled some very important vocabulary about economy . Respected Teachers Rob and Beth thank so much ❤️ for this amazing video !
You're very welcome. Thank you for your comment!
İs the War continue still in your country?
Is war going on?
@@tumuyaba sence hulk gerçek olabilir mi güzel kardeşim?
Thank you BBC Learning English❤
Video is very useful for my learning English and give me some news about economy as well. I think this time is a hard period with everyone, but it will be better in near future.
You guys are simply awesome 👍🏻😊
Thank you BBC Learning English!
These videos are very useful to me in English learning path. Many new and meaningful vocabularies were selectively compiled and categorized (base on specific topics) to help learners easily grasp. Keep it up
*Love the channel! I used it a lot at the beginning of my English journey!!!*
That's great, thank you for telling us!
Yes it's useful channel, but if you write down what you speak in the video, w'll understand in the best way. because not all of us are native speaker...
@@salamasfar201 press cc symbol to see the subtitles
This channel is helping me for a long time in terms of learning English
Thanks 😊
The design of 6 Minute English is very effective.
thank you so much for this video, thank you six minute english, i listen it everyday
Thank you teachers, we knew new words for economic.
You are really helping me I passed a exam last exam I was a failure now I owe you one
These 6 minutes are very interesting, thanks! I’m live in Argentina and the prices going up every time, is really an old problem. Silvia
Best used 6min. I learned a lot:
Interest
Hit in the pocket
Inflation , volatile,
Sustained ,Passed through,
Slow down demand, a round, recession, bleek, overview, effective. Hyper inflation
I appreciate that with 6 minutes we can learn effectively than more time andd BBC FOR THE BEST
I just came cross this channel, and this is the type of videos i have been looking for where i can listen to many topics and extand my vocabulary. 😊
We're glad you like it!
Very good episode BBC 🥰
Thank you guys🎉
I liked how they teach English. thanks
The inflaction in my country Colombia is incresing since almost 20 years ago, that's the reason Im learning english, I started to learn since 2 mounths ago, I want a better Future for my girlfriend, my parents and family, I'm looking for improve my english and can get a better work.
Saludos a todos
I hope everyone will overcome difficulties this period. Your channel is not only useful but also interesting. I'm so grateful for all that you have done
You are very welcome.
Hi. Yes, honestly it happens right now. We have many problems in our world. I think before solving it we should see. Going up prices are happening everywhere. It's because of war or something, if i am not mistaken. In some countries prices of products go up every month. People who don't have a job or work there, it can be hard for them. I hope everything will be fine. Thanks, bbc👍
Great writing! 🙌🏻
THANK YOU BBC
Good afternoon! Thank you sincerely for the video! I hope to see new videos coming out soon :)
Yes 6 minute english from pure information
One thing is certain: this channel is priceless.
What's the meaning of priceless?
@@bastianse8235 Hmm, I thought the German meaning of "unbezahlbar" in the sense of "so valuable and good that one cannot pay for it".
Very good review thanks
🥰 love this channel
Its a great lesson and l have seen a new useful fainancial vocabulary
Thanks a lot
Thank you very much.
This channel is helping me......
Thanks for video
Interested
Thanks for information about economy
Any time
May the Force be with 6 Minute English 🙂
I love 6 Minute English
I love BBC ❤
Learning english with the BBC because i want to be able to scape from Venezuela inflation to live in England hehe
I really love this channel!!!
Thanks! And we love having you here!
In Vietnam, recently, food and energy prices are going up no end which is a real hassle for people in developing economy like me to handle. It is expected to be around for a while. Customers like me are being hit in the pocket at the moment. The reason for this is the reduction of food supplies, in other words things are in short supply, available in limited quantities.
Hi please write the vocabulary on the screen thanks
Thanks so much
Hello to every one. I'm listening to the lesson but unfortunately,, cannot see the text. can somebody helps me ? Thank you
THX bbc
0:17
May I ask you: is “when it comes to” phrases formal or informal in English? Could I use that in writing?
Hello! Yes, you can definitely use the phrase 'when it comes to' in writing. It's neither formal nor informal, so you can use it in most contexts! Thanks for your question. :)
Hi Huong
I want to improve your my English speaking skills and looking for a speaking partner
I wonder if you are interested in?
"Hit in the pocket" is it possible to use this in the essay?
I live in Brazil and pandemic has caused a huge increase in prices of things around here, in particular food.
The World Economic Forum is the International Organization for Public-Private Cooperation.
The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas.
It was established in 1971 as a not-for-profit foundation and is headquartered in Geneva, Switzerland. It is independent, impartial and not tied to any special interests. The Forum strives in all its efforts to demonstrate entrepreneurship in the global public interest while upholding the highest standards of governance. Moral and intellectual integrity is at the heart of everything it does.
Will IELTS listening hardness also be same as like this?
i like your video.
And in its turn inflation is a result of pumping helicopter money into the economy when many governments around the world decided to use unreasonable quantitative easing to boost the demand during lockdowns in 2020 and 2021. In my opinion those monetary policies were disastrous as they didn't mean higher production rates.
Thanks a bunch
good
I will very improvemont listing for bbc. Thank for bbc
That's great!
This video is useful for me and it helps me understand inflation. I hope that BBC learning English creates a lot of videos as this video
We're glad you found it useful!
Thanks BBC for a wonderful video
My summary while listening
Nowadays, it seems like our money doesn't buy so much. Clearly, customers are being hit by the pocket globally. I believe it has something to do with inflation probably stemming from the Covid pandemic and the war in Ukraine.
There are necessities that we need and depend on such as food and energy such as gas or electricity but their prices keep going up controllably.
According to Linda Yueh, even don't mention volatile items like food or energy, companies tend to charge their goods and services with high prices which largely contributes to the current inflation.
So, how can we deal with inflation? one way that is actually the most effective is slowing down demands by increasing interest rates. Doing that discourages people and organizations from purchasing or overspending which eventually results in decreasing prices.
Thank you./
Here in Brazil the prices are raising because of the oil crises!
Inflation is increasing because of ONE government print too much money to buy everything from other governments, and do nothing else. And if someone doesn't want to play this game, ONE government comes to spread democracy 🤣
I’m hit the pocket unfortunately 😅
Hello 👋 I am Uzbek. Uzbek silaaa. 🇺🇿
Hi! 🙌🏻
Thank you/
Being vigilant on those discretionary spendings would really help.
привет живые, спасибо.
Thank you for your work! I’m from Ukraine and think that it’s not correct to tell that prices are going up just because of the war in Ukraine without mentioning that it was Russian full-scale invasion on the independent state
I think so
Do you mind if you explain this question to me? i don't understand the meaning of the sentence in this video " even if you take out some of these volatile items, " . What does" Take out " mean in this sentence?
"take out" là loại bỏ. Câu đấy nghĩa là: nếu loại bỏ 'volatile items' (những thứ dễ biến động về giá), 'sustained price increases' (sự tăng giá), thì điều này cũng ảnh hưởng tới cách các công ty định giá 'goods and services' của họ.
Đoạn sau có nói là nếu 'volatile items' và 'sustained price increases' được "take out", giá 'energy and food' được hạ xuống, thì các công ty vẫn tăng giá 'foods and services'.
@@trungdo7493 em cảm ơn ạ
Hi there! It looks like you've had an answer to this question already - 'take out' means 'remove'. other examples could be 'The dentist takes out teeth' and 'Have you taken out the rubbish today?' 😊
I am in Venezuela. It's a shame we have a terrible economy. I am math teacher and my salary is 16 dólar per month. Everyone has to do any informal work to live. The situation here is difficult. I have thought in traveling abroad in order to get better life conditions. I would like to live in a country like UK. Maybe after some years I will be able to go there.
1:50
In your country, Myanmar we are facing with the low of inflation.
One of the effective ways to control inflation is slowing down the demand by increasing interest rates.
Its a good explanation relating to price hike in the present scenario. Ukraine war and corona epidemic are the main reason behind the current price hike.
We're glad you liked this video! Subscribe to our channel so you never miss another one!
2:57
4:06
Hello guys,
Im from iran, here we have also high rate of inflation. we have challange in daily life expenses but we are optimistic and in our society there is a hope that one day in near future everything will get better.
0:15
“It is actually getting passed through into how companies price their goods and services”. Can anyone please explain what “getting passed through” means?
Good question! When something 'gets passed through', it means it moves from one place to another. So in this example, people are paying more money for the things they buy and that money is moved from the buyer to the company who provides the goods and services. Another example could be 'I gave a tip in the restaurant and it got passed through to the waiters and kitchen staff'.
@@bbclearningenglish thank u 🥰
I clicked to watch this video immedately when i saw the title
All have their price. Money cannot buy certain things such as feelings. By the way about the topic Is a paramount theme due to that it is happen in some countries. I heard that one of the causes is the War between Russia against Ucrania, isn´t?
This video show how the worl change and the bad effect from war. I would say that, Vietnam is in this problems too. Money is less value, citizens has pay more money for food, electric, gas... then people must work more hard, more tired and stressful.
Old saying goes: 'Money makes the world go round' -> it's very important and lots of things could not happen without it
We'll need money, but have you noticed how our money not seem to buy so much these days?
Yes, I do, Beth. It seems like consumer like us are being hit in the pocket at the moment -> we have less money to spend
I'm no economist. But I know this has a lot to do with inflation - the increases in prices of things over time.
It's a big problem globally. And Beth, my question to you is about inflation. According to one report, what was the annual inflation rate in Venezuela between Nov 2017 and 2018: a/ 130% b/1300% c/1m3%
Let's talk more about money and inflation now. Around the world, prices of things are rising more than normal. And more worrying is that prices keep going up
Two things in particular are increasing in prices: energy (like gas and electricity), and food. These are things we need and depend on. So, what's causing the rises?
There seems to be two main reasons: the COVID pandemic and the war in Ukraine, which has reduced the supplies in things we need. And when things are in short supply, available in limited quantities, prices go up
Economist, writer, broadcaster, Linda Yueh explained how 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 that we've had, it's actually getting passed through into how companies price their goods and services. And that's where it gets extremely worrying, bc that suggests that even if energy prices, food prices come down, we could have inflation now in the system. And I think that for advanced economies is worrying, for developing countries, that's hugely worrying.
Linda Yueh used some interesting language there. She's talking about food and energy being volatile items - something that is unpredictable, and can change suddenly. And that's what we've experienced with energy and food prices. Yes, and she said these price increases have been sustained, so continuing at the same level in a period of time. But Linda Yueh said that even if the energy and food prices eventually come down, companies will pass on the extra costs they've already faced by charging more for their goods and services.
And this could cause inflation, there's that word again. Continuing price rises aren't good for anyone, but esp. for people in developing economies - countries which have industry that's less developed and have lower living standards.
Another possible consequence of inflation is recession, this economic term describes a situation where countries' production starts going down, people's incomes go down, and unemployment goes up. This all sounds like a very bleak economic outlook, so what can be done?
Well, that's the million-dollar question, and economists are trying to work it out
Economist Vicky Pryce gave an overview of how to control inflation: One of the things that is actually most effective is by slowing down demand. And if you increase interest rates, what you do is you discourage people from borrowing, whether they're individuals or businesses - and of course the economy starts slowing down.
So, she says what is most effective, meaning what works well and gets the best results, is slowing down demand. Increasing interest rates can do this because ppl will borrow less money. Interest rates are fees, banks and financial institutions charge you for borrowing money.
And if we borrow less money, we buy fewer things, which can reduce inflation. I think it makes sense now. And if you were in Venezuela in 2018, you would really want inflation to go down, wouldn't you?
Extreme financial inflation -> hyper inflation
In Africa every item in the market the prices is too high. There are serious inflation, the governments must do action.
Bleak
Web bbc hồi trc m vào đc để xem script, mà nay ko đc nữa pk mn
họ có để link rồi cậu ạ
M thấy link nhưng toàn ko vào đc, ko thể truy cập
After covid 19 pandemic, inflation is becoming a big problem. of course increasing prices is a sustained change but essential items like food, gas, and energy are hitting in my pocket. I hope that government will have an effective method for this problem maybe decreasing the interest rates
The video like that really helpful and I’ve seen a lot of them. Thank you so much for them. But please don’t say “war in Ukraine” we didn’t want this war in 2014 and don’t want it now. It russian war against Ukrainian people. It’s really important named things like this in right way
Thank you for your comment Natalya ❤️
1300%
Here in Argentine its 7,4 % on September The goberment must be remove in all wordl They aren't competitive enought Only politics depredator Thanks for this lesson
Hello
Can I SEE the witten documentary ?
I m hit in the pocket indeed
oh
Inflation is a global problem now. My country India is a developing country so we always face inflation.
E
I am living in somalia my mother language Somali but I talk English speake help me 6minute bbc learning English I would like consistency watching 6minute bbc learning English and then held garow vocabulary words English thank you so much every body participate bbc learning English
I am from MYANMAR. Our civilians are facing the inflation due to the covid and especially military coup.Our inflation goes up 100% from Feb2021 to till now.The important issue to reduce inflation in our country is to eradicate military (terroists) from our country.
It's suffer to become a poor,but sometimes I think I have to be grateful because there is many people is also have a same situation with me life is hard but die is not a right way to cut our story
How to pronounce " We've had "
You're worried about increasing prices. And people in my region (Donbass) are worried about being shelles by American 'help' HIMARS. Yesterday they killed a local teacher in my town. 😢
I mean both sides are shelling each other. It's war.. Had Yanukovich stayed instead of being flown back to Russia this would not have happened. Yanukovich betrayed your Donbass and lead to this. Not America. US as well as much of Europe is an ally of Ukraine and are providing military support as Russia tries to hold on to seized territory in a foreign country.
Aaa....
Sorry for you😯😭
I always pray for Ukrainian.
Take care!
😕
Им без разницы. Они за деревьями не видят леса.