inflation
/ˌɪnˈfɫeɪʃən/
a general increase in prices and fall in purchasing power
inflation in a sentence
“Inflation eroded the value of savings.”
Origin of inflation
Latin inflatio a blowing up, from inflare to blow into
Related Words
deflation
a general decrease in prices
recession
a significant decline in economic activity lasting months
fiscal policy
government spending and taxation decisions
monetary policy
central bank actions affecting money supply and interest rates
aggregate demand
total demand for goods and services in an economy
multiplier effect
the amplified impact of spending through successive rounds