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English definition of “stagflation”

stagflation

noun [U] uk   /stæɡˈfleɪ.ʃən/ us  
specialized finance & economics san economic situation in which prices keep rising but economic activity does not increaseValue and price increasesEconomics and the state of the economy
(Definition of stagflation from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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