Inflation is hitting us hard (Photo by cottonbro from pexels)

Greetings, dear readers! How is everybody doing? Our previous post outlines a few terms and phrases that are being used to address the inflation that has been hitting us hard and is the reason of much distress and economic recession worldwide.

Now for the second part of our text, we are going to have a look at some inflation-related keywords and terms collected from news articles and headlines. If you, like me, often feels bombarded by the overload of information in the media, we can at least try to look at it in a meaningful way.  We don’t know what lies ahead. So let’s stay in the present for now and talk inflation!

One thing that caught my attention when watching the news were the words used to describe this historic inflation surge: 

• unprecedented

• at an all-time high

• record-high/ record-breaking

On the other hand, many sources were also eager to offer advice and tips on how to deal with the problem, often using collocations like:

How are you coping with inflation? (Photo by nappy from Pexels)

• cutting down expenses/ cut back on spending

• to fit the budget / stick to a monthly budget

• money is tight/ tight budget

• cope with/ navigate

• live within one’s means

• demands for a wage increase/ discuss a pay raise

The examples below might provide some insight on how to use these phrases in a sentence:

• Record-breaking June inflation rates have led to an increased cost of living. 
• If your budget a bit too tight and you feel like your dollar is stretched thin, you might want to consider changing your habits.
• Households hit by inflation are having to dip into family savings and cut down expenses.
• One way to cut back on spending is unplugging appliances when they are not being used.
• In times of unprecedented financial uncertainty, sticking to your budget is key to navigating inflation.
• With my savings dwindling away and my money losing value, I think the time has come to discuss a pay raise.
• Workers are demanding a wage increase following the dramatic surge in consumer prices which has reduced their purchasing power.
• As the cost of every day items continues to rise, low-income families are struggling to cope with the record-high inflation and live within their means. 

How have you been tackling inflation? Do you think harder times are yet to come? Share your thoughts with us!

Care to learn more about money vocabulary? We’ve got you covered! Check out these previous posts:

Money talks

Know Your Wonga – British and American Slang Terms for Money

Money, money, money: English expressions related to $