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inflation

Syllabification: in·fla·tion
Pronunciation: /inˈflāSH(ə)n
 
/

Definition of inflation in English:

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.
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 [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.

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.

Derivatives

inflationism

1
Pronunciation: /-ˌnizəm/
noun
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

2
noun& adjective
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.

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