Cool MateInflation
UK /["/ɪnˈfleɪʃn/"]/US /["/ɪnˈfleɪʃn/"]/
Definition
a fall in the value of money and a general increase in prices; the rate at which this happens
In simple words: A rise in prices that decreases the value of money.
Examples
- Inflation causes prices of everyday goods to rise steadily over time.
- The government took measures to control inflation and stabilize the economy.
- Inflation can reduce the purchasing power of money if wages don't increase accordingly.
- During periods of high inflation, interest rates often increase as well.
- Some economists warn that persistent inflation might lead to a recession if not kept in check.
Usage notes
Used in economic contexts and discussions. Typically not used in casual conversations unless discussing personal finance. Avoid using in very formal writing without qualification.
Grammar pattern
standalone noun
Memory hint
Think of 'inflate' like filling a balloon; prices rise just like a balloon expands.
Collocations
- high inflation
- inflation rate
- inflationary pressures
- control inflation
Synonyms
- rising prices
- price increase
- economic inflation
Antonyms
- deflation
- devaluation
Common mistakes
- Confused with 'deflation', which means the opposite.
- Using it as a verb (e.g., 'to inflation').
- Not recognizing different types of inflation (e.g., demand-pull vs cost-push).