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English definition of “inflationary spiral”

inflationary spiral

noun [C] uk   us  
a situation in which prices increase, then people are paid more in their jobs, which then causes the price of goods and services to increase again, and so onValue and price increasesEconomics and the state of the economy
(Definition of inflationary spiral from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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Translations of “inflationary spiral”

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