inflationin·fla·tion /ɪnˈfleɪʃən/ noun [uncountableU]ECONOMICS a continuing increase in the prices of goods and services, or the rate at which prices increaseA slowing economy would help contain inflation (=control it).
Gold does well only during periods of high inflation.
Portugal had annual average inflation of 11.4% last year.
The inflation rate rose to 4.5% last month.
Adjusted for inflation (=after taking inflation into account) real growth is estimated to be 1.8%.
→ asset inflation → consumer price inflation → core inflation → cost inflation → creeping inflation → demand inflation → double-digit inflation → galloping inflation → headline inflation → hyperinflation → structural inflation → underlying inflation → wage inflation → wage-push inflation → zero inflation