Definition of Inflation
Inflation
in·fla·tion
Definition/Meaning
(noun)
in economics, the continued rise of prices on the whole, due to an increasing volume, and therefore decrease in worth, of money and credit relative to the amount of goods available;
e.g. The government is coming up with new policies that are aimed towards controlling inflation.
(noun)
the state of something that has been inflated or expanded, or the process of doing so;
e.g. The inflation of balloons of all sizes.
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