6 Minute English cover image

Why are prices going up?

6 Minute English

00:00

What Can Be Done About Inflation?

Linda Yu says companies will pass on the extra costs they've already faced by charging more for their goods and services. Continuing price rises aren't good for anyone, but especially for people in developing economies. Another possible consequence of inflation is recession. This economic term describes a situation where a country's production starts going down, people's incomes go down, and unemployment goes up.

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