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inflation - definition and synonyms


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noun [uncountable]     inflation pronunciation in American English
  1. 1
    economics an economic process in which prices increase so that money becomes less valuable

    Your pension is protected against inflation.

    inflation rate/rate of inflation:

    The inflation rate is 3.2%.

    high/low inflation:

    countries with persistently high inflation

    inflation rises/falls:

    Inflation has risen for the fourth month running.

    in line with inflation (=increasing when inflation increases):

    They had expected a pay raise in line with inflation.

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a description of an economic or political situation based on analysis of information at the present time

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an unregulated form of capitalism that features financial deregulation, privatisation and low tax for high earners

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