Definition of “inflation” - English Dictionary

“inflation” in British English

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inflationnoun [ U ]

uk /ɪnˈfleɪ.ʃən/ us /ɪnˈfleɪ.ʃən/

B2 a general, continuous increase in prices:

high/low inflation
the rate of inflation
13 percent inflation
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More examples

  • The control of inflation is a key component of the government's economic policy.
  • There has been an alarming rise in the rate of inflation.
  • Unemployment, inflation and greater inequality are often the downside of a market economy.
  • Managing the economy is a complex equation of controlling inflation and reducing unemployment.
  • The government's overriding concern is to reduce inflation.

(Definition of “inflation” from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

“inflation” in American English

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inflationnoun [ U ]

us /ɪnˈfleɪ·ʃən/

social studies a continuing rise in prices caused by an increase in the money supply and demand for goods

inflationary
adjective us /ɪnˈfleɪ·ʃəˌner·i/

Inflationary pressures seem to be building in the economy.

(Definition of “inflation” from the Cambridge Academic Content Dictionary © Cambridge University Press)

“inflation” in Business English

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inflationnoun [ U ]

uk /ɪnˈfleɪʃən/ us 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.
a 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 inflation
push up/fuel inflation The government raised prices to encourage production, further fuelling inflation.
the overall rate of inflation
above/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.

(Definition of “inflation” from the Cambridge Business English Dictionary © Cambridge University Press)