6 Minute English cover image

Why are prices going up?

6 Minute English

00:00

What Is Most Effective and Gets the Best Results?

Venezuela's annual inflation rate reached 1,300,000% in the 12 months to November 2018. This extreme financial situation was known as hyperinflation. Increasing interest rates can do this because people will borrow less money. If we borrow less money, we buy fewer things, which can reduce inflation.

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