Definition of inflation in English:

inflation

Line breaks: in|fla¦tion
Pronunciation: /ɪnˈfleɪʃ(ə)n
 
/

noun

[mass noun]
  • 1The action of inflating something or the condition of being inflated: the inflation of a balloon the gross inflation of salaries
    More example sentences
    • Has anyone but me noticed the gross inflation of pool table costs during the last decade?
    • After maximal inflation, the balloon can immediately be deflated because the mesh opposes elastic recoil.
    • As a result, the surgeon decided to dilate the narrowed blood vessel using balloon inflation.
  • 1.1 Astronomy (In some theories of cosmology) a very brief exponential expansion of the universe postulated to have interrupted the standard linear expansion shortly after the Big Bang.
    More example sentences
    • In particular, it is violated during the accelerated expansion predicted in theories of cosmic inflation.
    • The scenario for inflation in 1982 was that the universe began with a big bang singularity.
    • If they find such ripples it will be powerful evidence in favour of Guth's theory of inflation.
  • 2 Economics A general increase in prices and fall in the purchasing value of money: policies aimed at controlling inflation tax allowances and excise duties were increased in line with inflation a reduction in annual inflation from 84 per cent to 7 per cent [as modifier]: high inflation rates
    More example sentences
    • In December he indicated that he was concerned about inflation and the excessive risk taking in the markets.
    • In a downward inflation trend, salary expectations lag the decreases in inflation.
    • Although inflation was dramatically reduced, so was demand, output, and employment.

Derivatives

inflationism

noun
More example sentences
  • The U.S. is right now in the grip of the worst form: naive inflationism, which, as Mises says ‘demands an increase in the quantity of money without suspecting that this will diminish the purchasing power of the money.’
  • Notwithstanding all the passionate fulminations of the spokesmen of governments, the inevitable consequences of inflationism and expansionism as depicted by the ‘orthodox’ economists are coming to pass.
  • Mises fought inflationism, while a large majority of people were convinced that only a courageous expansion of money, credit, and governmental budgets could secure prosperity, full employment, and economic growth.

inflationist

noun & adjective
More example sentences
  • And as this remedy fails, and quite different results follow, the sole solution of the inflationists is still more money, still more ‘purchasing power.’
  • And the inflationists will surely be quick to point blame at inept politicians, shortfalls in our education system, and powerful global forces outside of our control.
  • The inflationists have a keen affinity for regulation.

Origin

Middle English (in the sense 'the condition of being inflated with a gas'): from Latin inflatio(n-), from inflare 'blow in to' (see inflate). sense 2 dates from the mid 19th century.

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