inflation (/ɪnˈfleɪ.ʃən/)
noun · Advanced · Work & Business
🔊 /ɪnˈfleɪ.ʃən/
Meaning
Meaning: rising prices
A general increase in prices over time, which means money buys less than it did before.
Examples
🗣 High inflation meant that the same basket of groceries cost much more this year.
Etymology
From Latin ‘inflatio’ (a blowing up, swelling), from ‘inflare’ (to blow into).
How & Where It’s Used
A key economic concept discussed in news, policy, and personal budgeting.
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Tags: economy, money