Definition of agflation in English:

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agflation

Pronunciation: /aɡˈflāSHən/

noun

Economics
Rising food prices caused by increased demand for agricultural commodities: in 2007 agflation hit everything from cereal and baked products to meat, poultry, fish, and eggs
More example sentences
  • Agflation can also cause headaches for central banks.
  • If you're shocked by the cost of a pint at your local, or a loaf at the supermarket, over the next few weeks, blame agflation.
  • Inflation might not be a near-term prospect right now, but agflation certainly might be.

Origin

Early 21st century: blend of agriculture and inflation.

For editors and proofreaders

Syllabification: ag·fla·tion

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