|Cost of living||Afford|
Person 1: Hi, have you heard the latest news?
Person 2: No, what happened?
Person 1: The government just announced that the inflation rate has skyrocketed to an all-time high. Prices of goods and services have increased dramatically.
Person 2: That’s terrible news! How will we be able to afford basic necessities like food and housing?
Person 1: Exactly. Many people are worried about how they will be able to make ends meet with the rising cost of living.
Person 2: I heard that the government is planning to take some measures to control inflation, but I’m not sure if it will be enough.
Person 1: Yeah, it’s hard to say. They might increase interest rates, limit the amount of money being printed, or implement price controls.
Person 2: I hope they find a solution soon. The high inflation rate is having a major impact on the economy and people’s daily lives.
Person 1: Agreed. We just have to wait and see what happens. In the meantime, we’ll have to find ways to stretch our budget and save as much money as possible.
Answer these questions
- What are some of the effects when inflation is rising?
- What can governments do to control inflation?
- What can we do when inflation is rising?
- What’s your opinion on inflation?