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English definition of “stagflation”

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stagflation

noun [U]
 
 
/ˌstæɡˈfleɪʃən/ ECONOMICS
a situation in which prices keep rising but economic activity does not increase: The oil shock helped tip the US into stagflation with prices rising 13% a year.
(Definition of stagflation from the Cambridge Business English Dictionary © Cambridge University Press)
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