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



BrE BrE//stæɡˈfleɪʃn//
; NAmE NAmE//stæɡˈfleɪʃn//
[uncountable] Economy
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an economic situation where there is high inflation (= prices rising continuously) but no increase in the jobs that are available or in business activity See related entries: Economy Word Origin1960s: blend of stagnation (see stagnate) and inflation.
See the Oxford Advanced American Dictionary entry: stagflation