inflationary

/ɪnˈfleɪʃənəri/ adjective ECONOMICS

Definition

› relating to or causing inflation: Time and again, economists have warned that higher oil prices are inflationary.inflationary consequences/effect/impact The Bank of England would at once want to raise interest rates to reduce the inflationary impact of a lower pound. The financial markets took fright at the possibility that inflationary pressure is building up in the economy. → Compare counterinflationary

(Definition of inflationary adjective from the Cambridge Business English Dictionary © Cambridge University Press)