Definition of agflation in English:

agflation

Line breaks: ag|fla¦tion
Pronunciation: /agˈfleɪʃ(ə)n
 
/

noun

[mass 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
    • We are going to have to get used to a nasty new word—agflation.
    • Inflation might not be a near-term prospect right now, but agflation certainly might be.
    • 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.

Origin

early 21st century: blend of agriculture and inflation.

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