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 rise in line with inflation.
Synonyms and related words