The correct answer is B. soaring.
Inflation is a general increase in prices and fall in the purchasing value of money. When inflation occurs, each unit of currency buys fewer goods and services. Consequently, inflation reflects a reduction in the purchasing power per unit of money â a loss of real value in the medium of exchange and unit of account within the economy.
The cost of consumer goods is soaring in these days of inflation. This means that the prices of goods and services are increasing rapidly. This can have a significant impact on people’s lives, as it can make it more difficult to afford basic necessities.
The other options are not as accurate as “soaring”. Option A, “ascending”, means “moving or rising gradually”. This is not as accurate as “soaring”, as inflation is not a gradual increase in prices. Option C, “climbing”, means “moving or rising up a slope”. This is not as accurate as “soaring”, as inflation is not a steady increase in prices. Option D, “raising”, means “causing to move to a higher level”. This is not as accurate as “soaring”, as inflation is not a controlled increase in prices.
In conclusion, the correct answer is B. soaring.