A more exact definition of inflation is a sustained increase in the general price level in an economy. All Free. Inflation means an increase in the cost of living as the price of goods and services rise. Sense (1) dates from the mid 19th cent. inflation ... Word Origin Middle English (in the sense ‘the condition of being inflated with a gas’): from Latin inflatio(n-), from inflare ‘blow in to’, from in-‘into’ + flare ‘to blow’. inflation - WordReference English dictionary, questions, discussion and forums. Just like with any other financial phenomenon, there are both positive and negative effects of inflation. In other words, it’s a rate at which the currency is being devalued causing the general prices of consumer goods it increase relative to change in currency value. Inflation is a situation of rising prices in the economy. Definition: Inflation rate is the percentage at which a currency is devalued during a period. 2. a. Definitions. An act, instance of, or state of expansion or increase in size, especially by injection of a gas. | Meaning, pronunciation, translations and examples en.wiktionary.org. In lay terms, it means $1 won’t get you as much now as it did a decade ago. ɪn.ˈfleɪ.ʃən. Inflation means that the general level of prices is going up, the opposite of deflation.More money will need to be paid for goods (like a loaf of bread) and services (like getting a haircut at the hairdresser's). Definition of inflation written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. In economics, inflation is a general increase in prices and a decrease in the purchasing power of money. ‘Global inflation is not, however, taking off into the blue yonder.’ ‘Even though inflation at 2.6% is low, it is still eating into any money left on deposit.’ ‘It is hardly surprising, then, that inflation … inflation . Definition of inflation noun from the Oxford Advanced Learner's Dictionary. inflation in English translation and definition "inflation", Dictionary English-English online. Economists measure inflation regularly to know an economy's state. We generally use “inflation” to refer to the overall purchasing power of money in our economy, but it can occur within sectors too. In the UK the rate of inflation has been measured since December 2003 by a CONSUMER PRICE INDEX (CPI) in order to bring it into line with European Union practice which uses a ‘harmonised index of consumer prices’ to provide a common formula for calculating inflation rates for EU member countries. Inflation definition: Inflation is a general increase in the prices of goods and services in a country . The act of inflating or the state of being inflated. Simply put, inflation definition is the long term rise in the prices of goods and services caused by the devaluation of the currency. inflation An increase in the general level of PRICES in an economy that is sustained over time. The rate of inflation measures the annual percentage change in the general price level. In economics, inflation (or less frequently, price inflation) is a general rise in the price level in an economy over a period of time. n. 1. Inflation (economics) synonyms, Inflation (economics) pronunciation, Inflation (economics) translation, English dictionary definition of Inflation (economics). This is devaluation is evident in the fact that the consumer price index (CPI) increases during this period. en.wiktionary.org