Shadowing Practice: Why can’t prices just stay the same? - Learn English Speaking with Video
Creating lesson...
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Inflation is causing stress.
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Bad news about prices in the grocery store.
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Historically high inflation.
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In 2022, much of the world experienced a period of uncommonly high inflation, with the US, UK and Eurozone all peaking at around 10%,
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meaning that prices on average were a full 10% higher than one year before.
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Though that's probably not a surprise to anyone watching this.
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It's thankfully now closer to the normal range, if still a bit high.
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But infuriatingly, since this chart just shows a rate of change, that doesn't mean that prices are down, just that they've stopped climbing as fast.
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And that really sucks.
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Consumers are stressed, businesses are suffering and governments are scrambling.
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But at the same time, if you were to, I don't know, find yourself reading and watching a ton of inflation related content, you'll also keep hearing this.
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A little inflation is a good thing.
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A little inflation is a good thing.
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A little inflation now would be a good thing.
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Everybody wants a little inflation.
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Why?
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If rising prices hurt seemingly everyone, why can't they just stay the same?
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Why can't inflation be zero?
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The first reason inflation can't stay at zero is because governments and their central banks don't want it to.
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Lots of countries actively pursue what is called an inflation target.
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In the US right now, it's about 2%.
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That's the number that's used by most central banks across the world.
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But the truth of it is, that's a pretty arbitrary number.
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The goal is what economists consider a virtuous cycle.
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Here's what that looks like.
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In times when prices are generally rising, people tend to expect them to rise further.
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And that actually encourages people to spend money now on big, durable purchases like cars or appliances, in order to avoid having to pay more for the same thing later.
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And the stuff we need to buy no matter what, goods like food or clothing, gets more expensive too, which requires us to spend more.
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Either way, companies make more money.
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Which means more people have jobs and more of their own money to spend.
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And that means more demand and therefore higher prices.
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So the cycle continues.
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But this bit of the cycle is crucial to its virtue.
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It's okay if prices rise so long as wages rise too.
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still be able to afford the same goods if your wages keep pace with inflation.
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Emphasis on the if.
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In the U.S., for two years, wage growth lagged behind inflation.
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That trend has reversed starting in mid-2023.
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Wages, especially at the bottom, have kept up with inflation.
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In fact, in many cases, surpassed inflation.
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And that is a good thing.
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That also we have to remember, wages in this country are rock bottom and have been for way, way too long, right?
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So wage growth rising, good?
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Are wages high enough?
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No.
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And a disruption at any point in this loop can lead
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to the kind of high inflation we've experienced over the past few years,
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when supply chain interruptions created product shortages and some companies artificially drove up prices to increase their profits, which along with some other causes,
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effectively turned this virtuous cycle into a vicious one.
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With Digital Credit Union, you'll get a world of financial possibilities, starting with their award-winning primary savings account and a zero-fee checking account
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Like all credit unions, DCU is a not-for-profit, which says its primary focus is to serve their members, unlike banks, which primarily serve their shareholders.
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From community give-back initiatives to innovative products and services, their mission adheres to these three principles.
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People come first, do the right thing, and make a difference.
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DCU does not influence the editorial process of our videos, but they do help make videos like this possible.
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The government does have tools to combat rising inflation.
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They usually shift things here by raising interest rates, which makes all borrowing, including credit cards and bank loans, more expensive.
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When the cost of borrowing goes up, it becomes more expensive to make investments, to hire people, and that eventually slows the economy down.
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what the U.S.
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Federal Reserve did in 2022, which did help bring inflation closer to that 2% target,
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while placing an even higher financial strain on families who may need to borrow just to make ends meet.
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When the Fed uses interest rates to bring down inflation, what they're doing is tamping down that demand, right?
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They're telling people, you can't have a job.
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Like, let's put you out of work so that demand slows, that, you know, price growth slows.
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The Fed raises interest rates to slow down spending across the economy, partly by signaling to markets that they're taking the problem seriously, which creates an expectation that inflation will fall.
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But we also have to talk about what happens when prices fall instead of rise.
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That's called deflation.
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And falling prices honestly sounds pretty good.
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But they can also introduce another kind of cycle.
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A deflationary spiral.
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When prices fall, consumers may hold off on making big purchases, hoping for even lower prices in the future.
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And the stuff we need costs less.
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So we just spend less in general.
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If people are spending less, companies make less.
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They start to cut costs.
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And ultimately they lay off employees.
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Unemployed people spend less, and even the people who are employed might choose to save more to stave off financial loss.
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So prices go down even further as demand goes down.
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So ultimately all of that adds up to slower economic growth as a whole.
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Which is really hard to fix because governments don't have the same ability to respond to deflation as they do to inflation.
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Look at this chart again.
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The last time inflation dipped below 2% in spring of 2020, the US brought interest rates all the way down to 0.05%.
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And after bottoming out for a bit, that seemed to work.
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Inflation inched back up.
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But if inflation hadn't come back up, the government would have had limited options.
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Their rates were already getting almost out zero.
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And then things could get dicey.
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Historically, periods of true deflation are pretty rare.
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But when they do happen, it seems that fixing them requires a pretty serious shock to the economy.
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The Great Depression was in part a deflationary spiral, solved only by the outbreak of World War II when the government supercharged spending and employment.
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And Japan is finally emerging from decades of chronic deflation.
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But that's thanks, in no small part, to the high inflation that most of the world battled over the last few years.
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You don't want to rely on those kinds of things.
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If inflation goes below zero, it is hard to fix.
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The cost of deflation is really high and that's something that we want to avoid.
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This is where inflation targets come in.
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Let's look at this chart again.
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These lines are pretty shaky because there are a lot of really complicated factors that affect inflation.
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The macro economy is made up of the decisions of millions of people, of millions of businesses.
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The way those decisions interact, I mean, try thinking about how to map everything out and it's just, it's mind blowing, right?
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Inflation will always fluctuate, even if it's just a little.
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And this is the last big reason why they don't want inflation to be 0%.
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If inflation sits here, that basic shakiness is constantly at risk of dropping down into the deflation zone, triggering the bad cycle.
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And the way to prevent that is to have it sit just a little bit higher. So...
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A little inflation is usually a good thing.
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Yeah.
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That's annoying.
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Vocabulary and speaking notes for this lesson
This B2 speaking lesson is built on the video “Why can’t prices just stay the same?”. The speaker keeps coming back to these words: inflation, price, wage, deflation, cycle. This video has 107 sentences and 1296 words to shadow. The speech runs for 7:23. The speaker talks at a natural 176 words per minute, close to everyday conversation. 84% of the words are among the 3,000 most common in English; the rest is worth studying before you start.
Key vocabulary in this video
The 15 most advanced words in the video, with pronunciation and meaning:
| Word | Pronunciation | Meaning |
|---|---|---|
| inflation noun | /ɪnˈfleɪ.ʃən/ | An act, instance of, or state of expansion or increase in size, especially by injection of a gas or liquid. |
| deflation noun | /dɪˈfleɪʃən/ | An act or instance of deflating. |
| deflationary adjective | /dəˈfleɪ.ʃənˌɛɹ.i/ | Associated with or tending to cause deflation. |
| virtuous adjective | /ˈvɝt͡ʃuəs/ | Full of virtue; having excellent moral character. |
| borrowing noun | /ˈbɔrəwɪŋ/ | An instance of something being borrowed. |
| spiral noun | /ˈspaɪɹəl/ | A curve that is the locus of a point that rotates about a fixed point while continuously increasing its distance from that point. |
| historically adverb | /hɪˈstɔɹɪkli/ | In a historic manner; with reference to history or the historical record. |
| appliance noun | /əˈplaɪ.əns/ | An implement, an instrument or apparatus designed (or at least used) as a means to a specific end, especially |
| artificially adverb | In an artificial manner. | |
| fluctuate verb | /ˈflʌkt͡ʃu.eɪt/ | To vary irregularly; to swing. |
| infuriatingly adverb | In an infuriating manner. | |
| interruption noun | /ˌɪntəˈɹʌpʃən/ | The act of interrupting, or the state of being interrupted. |
| macroeconomics noun | /ˌmæk.ɹoʊˌiː.kəˈnɒ.mɪks/ | The study of the entire economy in terms of the total amount of goods and services produced, total income earned, the level of employment of productive… |
| paycheck noun | /ˈpeɪ.t͡ʃɛk/ | A periodic payment, usually in the form of a paper check, received by an employee from an employer for work performed. |
| scramble verb | /ˈskɹæmbl̩/ | To move hurriedly to a location, especially by using all limbs against a surface. |
Phrasal verbs you will hear
| Word | Meaning |
|---|---|
| go down verb | To descend; to move from a higher place to a lower one. |
| add up to verb | To have a particular effect in combination. |
| back up verb | To move backwards, especially for a vehicle to do so. |
| bring down verb | To make (a ruler or government) lose their position of power. |
| drive up verb | To cause or force a price, quantity, rate, etc. to increase. |
| give back verb | To return, restore (a thing to its original owner or location etc.). |
| go up verb | To move upwards. |
| keep up with verb | To manage to remain beside or just behind someone or something that is moving away from one. |
Sentences worth repeating
Short, complete lines from the video that you can reuse in everyday conversation:
- Why can't inflation be zero?
- They're telling people, you can't have a job.
- Let's look at this chart again.
Grammar in this video
The structures the speaker uses most, with the exact words from the video:
| Structure | In the video |
|---|---|
| Present perfect have/has + past participle — a past action that still matters now | they've stopped · has reversed · have kept |
| Passive voice be + past participle — the focus is on what happens, not who does it | are stressed · is called · are employed |
| Relative clauses who / which + clause — extra information about a person or thing | rates, which makes · people who are |
Pronunciation to watch
The speaker uses 18 contractions and reduced forms, such as don't, can't, they're. Say them the short way, as you hear them.
- The “sh” and “zh” sounds: inflation /ɪnˈfleɪ.ʃən/, deflation /dɪˈfleɪʃən/, deflationary /dəˈfleɪ.ʃənˌɛɹ.i/, interruption /ˌɪntəˈɹʌpʃən/, shareholder /ˈʃɛəˌhəʊl.də(ɹ)/
- Long words — get the stress right: deflationary /dəˈfleɪ.ʃənˌɛɹ.i/, historically /hɪˈstɔɹɪkli/, interruption /ˌɪntəˈɹʌpʃən/, macroeconomics /ˌmæk.ɹoʊˌiː.kəˈnɒ.mɪks/, arbitrary /ˈɑː.bɪ.tɹə.ɹi/
How to practise with this video
- Listen to the whole video once without speaking and note the words you do not know.
- Start at 0.75× speed, shadow it sentence by sentence, then go back to normal speed once it feels easy.
- Record yourself and compare with the original, paying attention to words like inflation, deflation, deflationary.
What is the Shadowing Technique?
Shadowing is a science-backed language learning technique originally developed for professional interpreter training and popularized by polyglot Dr. Alexander Arguelles. The method is simple but powerful: you listen to native English audio and immediately repeat it out loud — like a shadow following the speaker with just a 1–2 second delay. Unlike passive listening or grammar drills, shadowing forces your brain and mouth muscles to simultaneously process and reproduce real speech patterns. Research shows it significantly improves pronunciation accuracy, intonation, rhythm, connected speech, listening comprehension, and speaking fluency — making it one of the most effective methods for IELTS Speaking preparation and real-world English communication.