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English definition of “inflate”

inflate

verb     /ɪnˈfleɪt/
[I or T] to increase the value or price of something, or to become more valuable or expensive: People who bought homes years ago have seen the values inflate and property taxes rise with the inflation. Weak export sales have helped to inflate inventories.
[T] to make a number, price, or value higher than it should be or than is reasonable, sometimes in order to deceive people: Insurers fear that people will make up or inflate claims.
→ Compare deflate, reflate
(Definition of inflate verb from the Cambridge Business English Dictionary © Cambridge University Press)
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