Hi everybody, I am Georgiana, your English teacher and founder of SpeakEnglishPodcast.com.
My mission is to help you to speak English fluently.
In this episode I'm going to talk about a current topic the widespread price increase.
We are suffering because of the economic situation.
In the second part, you will practice grammar with a point-of-view lesson.
Don't miss it.
Remember, you can get the text and much more at speakenglishpodcast.com slash podcast.
Okay, let's start.
If there's one thing we can't say lately when we go shopping for groceries, is that prices are going up a lot.
And this would not be a big problem for people if wages were rising in the same way.
Obviously, people are not happy.
They see that with the same salary, they can buy fewer and fewer products.
This is partly due to the increase in the price of three goods in the energy sector fuel, electricity and gas.
When I say fuel, I mean gasoline and diesel.
Usually, trucks use diesel.
Fuel prices are about to double.
This affects the economy a lot.
Because as you know, goods have to be transported from one place to another.
The transport sector takes care of this.
A large truck can easily have a tank of 1,000 liters.
That's a little more than 250 gallons.
Imagine the cost of all that diesel.
This affects the entire distribution chain and makes products more expensive.
The second key element that is affecting prices is the cost of electricity.
I have seen some bills that double and even triple previous year's totals at the customer level.
All businesses in all sectors use electricity.
If you increase the cost, all economic sectors are affected, from industry to food.
For example, imagine you go shopping at the supermarket.
You want to buy meat, yogurt, fish, etc.
All these products are refrigerated.
To refrigerate, you need electricity, so prices increase.
Finally, the price of gas has gone up a lot.
At the domestic level, gas is used for cooking and air conditioning.
In winter, it is very important because you need to heat the house.
But it is also used in industry and it affects cost in a very significant way.
I have read that some companies, in order to avoid raising prices, they offer less quantity of product for the same price.
So, for example, for the same price of 500 grams of meat, Now they only give you 400 grams.
It is a psychological trick.
Okay, to finish this section, let's look at some expressions you may hear regarding this topic.
Inflation Inflation is the generalized rise within a certain period of products and services.
Do not confuse it with inflammation.
If you have inflammation, better go to the nearest hospital.
Another useful expression is the customer price index.
Many people confuse it with inflation, but it's not the same.
It is a representative selection of products and services and calculates the average increase to measure inflation.
The inflation figure can be altered if you change the selection of products.
Another useful expression is the purchasing power.
And this is the ability to buy things.
If the prices go up with the same amount of money, you have less purchasing power.
Another expression is tightening the belt.
It is a phrase that means that you have to make an effort to reduce expenses.
Well, I hope you like this current topic and the associated vocabulary.
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Okay, now it's time for you to learn grammar in context with a point-of-view story.
I'll tell you a short story more than one time.
Every time, I'll change a grammar point.
I can change the tense or the person.
This way, you'll notice the changes in context.
Okay, let's start.
First, in the past tense.
Tom lived in a country with a lot of inflation.
The customer price index kept going up.
It was astronomical.
Things were costing more and more, and purchasing power was becoming minuscule.
I think I'll have to tighten my belt even more, he said.
At the end of the month, the company he worked for paid his salary in cash.
They gave him lots of piles of bills.
Since with so much inflation, they needed millions to pay an average salary.
So Tom used the wheelbarrow to take all those bills with him.
While pushing the wheelbarrow, Tom thought to himself I am a millionaire, but I can hardly buy anything.
He passed a bar and saw a friend inside.
He left the wheelbarrow at the entrance and went in to greet his friend.
When he came out, he noticed that he had been robbed.
But they didn't take the money but the wheelbarrow.
Okay, now in the future.
Tom will live in a country with lots of inflation.
The customer price index won't stop rising.
It will be astronomical.
Things will cost more and more, and purchasing power will become minuscule.
I think I will have to tighten my belt even more, he will say to himself.
At the end of the month, the company where he will work will pay his salary in cash.
They will give him lots of piles of bills.
Since with so much inflation, they will need millions to pay an average salary.
So Tom will use a wheelbarrow to take all those bills with him.
While pushing the wheelbarrow, Tom will think, I am a millionaire, but I can hardly buy anything.
He will pass a bar and see a friend inside.
He will leave the wheelbarrow at the entrance and go in to greet his friend.
On the way out, he will realize he has been robbed.
But they won't take the money, but the wheelbarrow.
Okay, that's the end of this little exercise.
Notice that the changes between grammar points are subtle, but important.
My advice is not to try to memorize grammar rules.
It's better to see the changes in the proper context.
And with a story, it is much easier to remember all this.
It is one of the techniques that I use in my premium courses.
I recommend you to take a look at speakenglishpodcast.com slash courses.
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Bye-bye.