noun \ˌstag-ˈflā-shən\

: an economic situation in which prices of goods and services continually increase, many people do not have jobs, and businesses are not very successful

Full Definition of STAGFLATION

:  persistent inflation combined with stagnant consumer demand and relatively high unemployment
stag·fla·tion·ary \-shə-ˌner-ē\ adjective


blend of stagnation and inflation
First Known Use: 1965

Other Economics Terms

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


Next Word in the Dictionary: staggard
Previous Word in the Dictionary: stagewise (adverb)
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