Business & Finance

The Price of a Morning Coffee

A radio report explains how inflation slowly changes the everyday price of coffee.

B29 min

Lesson progress0 / 12 sentences

Sentence 1 of 12

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1Five years ago, a simple cup of coffee in this cafe cost only two dollars.

2Today that very same cup costs nearly three dollars and fifty cents.

3This quiet change is a clear example of inflation in daily life.

4Inflation simply means that our money slowly buys less than it did before.

5Coffee farmers now pay much more for fuel, fertiliser, and transport costs.

6At the same time, cafes pay higher wages and higher rents every year.

7All of these extra costs travel slowly from the farm into your cup.

8Central banks around the world try to control inflation by changing interest rates.

9When interest rates rise, people spend less and price growth slows down.

10Most economists agree that a little inflation is normal and even healthy.

11The real problem for families begins when their wages fail to keep up.

12Next time you buy a coffee, remember the long journey behind it.

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