slumpflation

noun
slump·​fla·​tion | \ ˌsləmp-ˈflā-shən \

Definition of slumpflation 

: a state or period of combined economic decline and rising inflation

First Known Use of slumpflation

1974, in the meaning defined above

History and Etymology for slumpflation

slump entry 2 + inflation

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slump test

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slungshot

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The first known use of slumpflation was in 1974

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