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inflation

noun

ɪnˈfleɪʃən

Meaning

A general increase in prices and fall in the purchasing value of money.

The general increase in prices and fall in the purchasing value of money in an economy over time.

Inflation erodes the purchasing power of consumers.

High inflation reduces the value of money over time.

price rise, cost increase, price increase, cost escalation, currency devaluation

Entry 1

price rise, cost increase

Entry 2

price increase, cost escalation, currency devaluation

deflation, decrease, price stability, cost reduction

Entry 1

deflation, decrease

Entry 2

deflation, price stability, cost reduction

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