Definition of inflation noun from the Oxford Advanced American Dictionary

     

    inflation

     noun
    noun
    NAmE//ɪnˈfleɪʃn//
     
    [uncountable]
     
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  1. 1 a general increase 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% Salary 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. Topic 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 U.S./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 defense/education budget increase/boost/slash/cut public spending increase/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 ⇨ more collocations at politics, voting
  2. 2the act or process of filling something with air or gas life jackets with an automatic inflation device opposite deflation
See the Oxford Advanced Learner's Dictionary entry: inflation