English · Work & Business
inflation
/ɪnˈfleɪ.ʃən/
[/ɪnˈfleɪ.ʃən/]
rising prices
Advancednoun
Definition
A general increase in prices over time, which means money buys less than it did before.
Example
High inflation meant that the same basket of groceries cost much more this year.
High inflation meant that the same basket of groceries cost much more this year.
Etymology
From Latin 'inflatio' (a blowing up, swelling), from 'inflare' (to blow into).
How & Where It’s Used
A key economic concept discussed in news, policy, and personal budgeting.