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Vocabulary

inflation інфляція

inflation is running at інфляція складає 15%

15 per cent

reporter кореспондент

rice рис

sugar цукор

tomato томат, помідор

pea горох

beans боби

apple яблуко

onion цибуля

banana банан

sausage сосиска, ковбаса

cheese сир

expensive дорогий

fare вартість проїзду

underground метро

accommodation житло

international call міжнародна телефонна

розмова

range рівень

the price range ціновий рівень

    1. Translate these word combinations and use them in sentences of your own:

ці репортери та ціна, а не ця

цей ціновий рівень ця середня ціна

всі ці цифри ця якість

цей низький відсоток ті відсотки

    1. Complete the sentences:

These goods are ... That’s right. I think ...

This is a very ... That was really ...

That’s all right. I like ... That percentage was ...

    1. Underline the nouns used with articles in the following sentences and explain their usage:

  1. Here is a part of a TV programme about inflation and prices in the UK.

  2. When you look at the prices of food you understand what inflation means.

  3. The prices are for a pound of food.

  4. Flour is 40 p a pound now.

  5. A pound of sugar is 15 p.

  6. It is a little early for tomatoes now.

  7. You can often find lower prices in some other shops.

  8. Prices for closes depend on the kind of shop you buy your clothes in.

  9. Cheese has increased an incredible three pounds.

    1. Find the answers in the text:

  1. Did the reporter speak over the radio or on television?

  2. What inflation did he mention?

  3. Why did he mention an ordinary person?

  4. For what food did he quote the prices?

  5. What did he say about transport fares and accommodation in London?

  6. How did he characterize prices for clothes?

  7. What was his conclusion about London?

    1. Do you agree that London is the most expensive city in the world? Give you reasons.

    1. Write down the prices the reporter mentioned, as in the model:

Flour is forty pence a pound.

    1. Write a few words about the prices for similar goods in Ukraine.

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Text 3: Inflation and deflation

An inflationary development is characterized by rising prices within a certain period of time.

The rising prices is a consequence of an uneven development in the quantity of goods on offer and the quantity of money available, which itself determines the demand and the inflation rate.

The causes of inflation are generally complex and can arise either from the goods or from the monetary side.

The consequences of inflation are extremely damaging for the economy. Inflation becomes stagnation when economic growth decreases or comes to a halt, but inflation continues to rise.

If the state does not take measures to combat stagnation, this leads to stagflation.

Deflation, the opposite development to inflation, represents a reduction in the supply of money in comparison with the supply of goods.