Definition of inflation noun from the Oxford Advanced Learner's Dictionary



    BrE BrE//ɪnˈfleɪʃn//
    ; NAmE NAmE//ɪnˈfleɪʃn//
    [uncountable] Economy
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  1. 1a general rise in the prices of services and goods in a particular country, resulting in a fall in the value of money; the rate at which this happens the fight against rising inflation to control/curb inflation to reduce/bring down inflation a high/low rate of inflation an inflation rate of 3% Wage increases must be in line with inflation. Inflation is currently running at 3%. rapid/runaway/galloping inflation The annual rate of inflation fell to 0.1% in 2008. CollocationsThe economyManaging the economy handle/​run/​manage the economy boost investment/​spending/​employment/​growth stimulate demand/​the economy/​industry cut/​reduce investment/​spending/​borrowing reduce/​curb/​control/​keep down inflation create/​fuel growth/​demand/​a boom/​a bubble encourage/​foster/​promote/​stimulate/​stifle innovation/​competition encourage/​work with/​compete with the private sector increase/​boost/​promote US/​agricultural exports ban/​restrict/​block cheap/​foreign imports the economy grows/​expands/​shrinks/​contracts/​slows (down)/recovers/​improves/​is booming enjoy an economic/​housing/​property boomEconomic problems push up/​drive up prices/​costs/​inflation damage/​hurt/​destroy industry/​the economy cause/​lead to/​go into/​avoid/​escape recession experience/​suffer a recession/​downturn fight/​combat inflation/​deflation/​unemployment cause/​create inflation/​poverty/​unemployment create/​burst a housing/​stock market bubble cause/​trigger a stock market crash/​the collapse of the banking system face/​be plunged into a financial/​an economic crisis be caught in/​experience cycles of boom and bustPublic finance cut/​reduce/​slash/​increase/​double the defence/(especially US English) defense/​education/​aid budget increase/​boost/​slash/​cut public spending increase/​put up/​raise/​cut/​lower/​reduce taxes raise/​cut/​lower/​reduce interest rates ease/​loosen/​tighten monetary policy balance the (state/​federal) budget achieve/​maintain a balanced budget run a ($4 trillion) budget deficit/​surplus See related entries: Economy
  2. 2the act or process of filling something with air or gas life jackets with an automatic inflation device opposite deflation
  3. Word Origin Middle English (in the sense ‘the condition of being inflated with a gas’): from Latin inflatio(n-), from inflare ‘blow in to’, from in- ‘into’ + flare ‘to blow’. Sense (1) dates from the mid 19th cent.Extra examples Inflation is down to its lowest level in three years. Inflation is running at 4%. Inflation reached a monthly rate of 5%. It is vital that inflation is kept in check. Wages are not keeping pace with inflation. an drop in inflation to 2.4% an increase in inflation to 3.5% an inflation rate of 2% policies to beat inflation savings eroded by inflation The annual rate of inflation fell to 1.2% by the end of 2006. The bank is introducing new measures to curb inflation Wage increases must be in line with inflation What can be done to bring down inflation?
See the Oxford Advanced American Dictionary entry: inflation