inflation

[ɪnˈfleɪʃən]

inflation Definition

  • 1a general increase in prices and fall in the purchasing value of money.
  • 2an increase in the amount of currency in circulation, leading to a decline in its value and a rise in prices.

Using inflation: Examples

Take a moment to familiarize yourself with how "inflation" can be used in various situations through the following examples!

  • Example

    The government is trying to control inflation by raising interest rates.

  • Example

    Inflation has risen to 3% this year.

  • Example

    The company had to raise its prices due to inflation.

inflation Synonyms and Antonyms

Synonyms for inflation

Antonyms for inflation

Phrases with inflation

  • cost-push inflation

    a type of inflation caused by an increase in the cost of production or raw materials

    Example

    The cost-push inflation was caused by the increase in oil prices.

  • demand-pull inflation

    a type of inflation caused by an increase in demand for goods and services

    Example

    The demand-pull inflation was caused by the increase in consumer spending.

  • an extremely high rate of inflation, usually over 50% per month

    Example

    The country experienced hyperinflation during the war.

Origins of inflation

from Latin 'inflare', meaning 'to blow up'

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Summary: inflation in Brief

The term 'inflation' [ɪnˈfleɪʃən] refers to a general increase in prices and fall in the purchasing value of money. It can be caused by an increase in the amount of currency in circulation or a rise in the cost of production. Examples include 'The government is trying to control inflation by raising interest rates.' and 'The company had to raise its prices due to inflation.' 'Inflation' extends into phrases like 'cost-push inflation,' and 'hyperinflation,' denoting extreme cases.

How do native speakers use this expression?