stagflation
noun/stæɡˈfleɪʃn/
/stæɡˈfleɪʃn/
[uncountable]- an economic situation where there is high inflation (= prices rising continuously) but no increase in the jobs that are available or in business activityTopics Moneyc2Word Origin1960s: blend of stagnation (see stagnate) and inflation.
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