Why are prices going up? – 6 Minute English

31 thoughts on “Why are prices going up? – 6 Minute English”

1. Good afternoon! Thank you sincerely for the video! I hope to see new videos coming out soon 🙂

2. Thanks so much

3. Fed up with listenning about war in ukraine

4. How to pronounce " We've had "

5. i thought it was frozen but its just a podcast hahalol good joke 😀

6. Money inflation depends on COVID pandemic, global and local wars

7. 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

8. Thank you./

9. Thank you/

10. 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

11. Can I SEE the witten documentary ?

12. привет живые, спасибо.

13. I cannot listen to Linda Yue's voice, it hurts

14. 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.

15. 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. 😊

16. What causes the rises ? The pandemic, the war in Ukrane … But what about the genocide in Palestine commited by the Zionists ?

17. 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.

18. Prices are going up because of the government of each country

19. 4:06

20. Hi please write the vocabulary on the screen thanks

21. How dare you to say that the war in Ukraine is guilty in all the misfortunes ? russia is guilty and greedy. How could it be that the whole Europe needs russians gas?

22. Being vigilant on those discretionary spendings would really help.

23. 2:57

24. 🇺🇿🇺🇿🇺🇿

25. 1:41

26. Thanks a bunch

27. I am hit in the pocket because I spend 50 percent of my salary on food and clothes every month. I have less money to spend, and inflation is playing a part

28. I am hit in the pocket because I spend 50 percent of my salary on food and clothes every month. I have less money to spend, and inflation is playing a part

29. Greed

30. 0:15

31. 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.

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