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English definition of “inflation”

inflation

noun [U]
 
 
/ɪnˈfleɪʃən/ ECONOMICS, FINANCE
an increase in prices over time, causing a reduction in the value of money: high/low/moderate inflation Higher inflation threatens to force interest rates higher.falling/rising inflation Two decades of falling inflation and falling interest rates provided an exceptional, probably unique, boost to equities. accelerating/runaway/galloping inflationa surge/increase/rise in inflation The rise in inflation will be seen as a major set-back for the chancellor. a decline/fall/reduction in inflation to control/curb/reduce inflationpush up/fuel inflation The government raised prices to encourage production, further fuelling inflation. the overall rate of inflationabove/below inflation He is planning to increase public spending by 3.3% above inflation for the next three years. The rankings are based on the banks' return on equity, which is then adjusted for inflation.keep pace with/outstrip inflation The agency's budget has not kept pace with inflation and the staff has been cut. → Compare deflation, disinflation, reflation → See also anti-inflation, asset inflation, consumer price inflation, core inflation, cost inflation, cost-push inflation, creep noun, demand inflation, demand-pull inflation, double-digit inflation, headline inflation, hyperinflation, runaway, underlying inflation, wage inflation, wage-push inflation, zero inflation
(Definition of inflation from the Cambridge Business English Dictionary © Cambridge University Press)
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