noun in·fla·tion \in-ˈflā-shən\

: an act of inflating something : the state of being inflated

: a continual increase in the price of goods and services

Full Definition of INFLATION

:  an act of inflating :  a state of being inflated: as
a :  distension
b :  a hypothetical extremely brief period of very rapid expansion of the universe immediately following the big bang
c :  empty pretentiousness :  pomposity
:  a continuing rise in the general price level usually attributed to an increase in the volume of money and credit relative to available goods and services

Examples of INFLATION

  1. the inflation of a balloon
  2. The government has been unable to control inflation.
  3. The rate of inflation is high.

First Known Use of INFLATION

14th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer


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