3min chapter

Plain English cover image

The hidden costs of inflation | Learn the English expression ‘apples-to-apples’

Plain English

CHAPTER

Inflation Isn't Bad, but It Hurts

Inflation stings when costs go up faster than wages. In the us, inflation recently hit an annualized rate of seven point nine %. That means a basket of goods that cost 100 dollars a year ago would cost 107 dollars and 90 cents to day. It's a similar story around the world. in brazil, prices were up ten point five %. In mexico, it was over seven %, the highest in two decades.

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