inflation noun definition in Economy topic from the Oxford Advanced Learner's Dictionary

inflation

 noun: Economy topic
a 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.

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