Word: Rising Prices
Definition: "Rising prices" means that the cost of goods and services is increasing over time. This often happens during a period called inflation, where things become more expensive, but the value of money decreases.
Usage Instructions: You can use "rising prices" to talk about how much more you have to pay for things like food, gas, or rent compared to before. It is commonly used in discussions about the economy or personal finances.
Example Sentence: - "Many people are struggling because of rising prices on everyday items like groceries and fuel."
Advanced Usage: In more complex discussions, you might find "rising prices" used in economic reports or analyses, where experts discuss its impact on the economy, consumer behavior, or government policy.
Word Variants: - "Price rise" (noun): A single instance of an increase in price. - "Price increase" (noun): Similar to "price rise," referring to a higher cost. - "Inflation" (noun): The overall increase in prices in an economy over time, often linked to rising prices.
Different Meaning:While "rising prices" specifically refers to an increase in cost, "price" alone can refer to the amount you pay for something without implying any change.
Synonyms: - Increasing costs - Higher prices - Escalating prices - Price hike
Idioms: - "To feel the pinch": This means to feel the effects of rising prices, often referring to financial strain. - "To break the bank": This means to spend more money than you can afford, often due to rising prices.
Phrasal Verbs: - "Go up": This refers to something becoming higher in amount or value, e.g., "The cost of living is going up." - "Mark up": This means to increase the price of something, e.g., "Stores often mark up their prices during the holiday season."
Summary: "Rising prices" refers to the increasing cost of goods and services, often associated with inflation. It’s important to understand how it affects everyday life, finances, and the economy.