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English definition of “inflation”

inflation

noun [U]  /ɪnˈfleɪ·ʃən/ us  
social studies a continuing rise in prices caused by an increase in the money supply and demand for goods
inflationary
adjective  /ɪnˈfleɪ·ʃəˌner·i/ us  
Inflationary pressures seem to be building in the economy.
(Definition of inflation from the Cambridge Academic Content Dictionary © Cambridge University Press)
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