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
- escalation
- rise
- surge
- price increase
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'
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.
