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

Formal and Informal Expressions of inflation

In different contexts, you can replace 'inflation' with suitable alternatives. In a more formal setting, 'price increase, escalation' is apt. In informal speech or writing, 'rise, surge' is a commonplace synonym.

inflation: Explore its Definition & Usage

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

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.
hyperinflation
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.