Words in the news
inflation
- Published: 8 Mar 2011 at 07.58
- Online news: Vocabulary
a general rise in the prices of services and goods in a particular country, resulting in a fall in the value of money เงินเฟ้อ
The cost of living, particularly food and consumer product prices, have risen sharply even though the Commerce Ministry insisted yesterday that inflation at 2.95% in the first two months of this year remained under control.
The high salary increases in Vietnam, Indonesia and the Philippines are due mainly to high inflation.
For many countries inflation is a genuine risk, with rising food prices and stubborn energy prices.
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- Writer: Terry Fredrickson
- Position: Education Marketing and Support Manager
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