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inflation
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/ɪnˈfleɪʃ(ə)n/- 1economics 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.
This is the British English definition of inflation. View American English definition of inflation.
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