Englivio 1-1 Real Life Conversations
The Price of Everything
Economics & Finance Vocabulary
Price Shock
A sudden and unexpected change in the price of a good or service.
Skyrocketing
Increasing very quickly to a very high level.
Purchasing Power
The amount of goods or services that a certain amount of money can buy.
Inflation
A general increase in prices and fall in the purchasing value of money.
Tighten the belt
To spend less money than usual because you have less of it.
Sticker Shock
Disgust or surprise at the high price of an item.
Cost of Living
The level of prices relating to a range of everyday items.
Nested Egg
A sum of money saved for the future.
Out of hand
Something that is no longer under control.
Break the bank
To cost more than you can afford.