inflation
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British pronunciation
/ɪnflˈe‍ɪʃən/

Definition & Meaning of "inflation"

Inflation
01

the ongoing increase in the general price level of goods and services in an economy over a period of time

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Example
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High inflation reduces the purchasing power of consumers.
The government implemented policies to control inflation.
02

(cosmology) the rapid expansion of the universe following the Big Bang

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Example
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Inflation is a theory explaining the universe's rapid expansion.
Astronomers study evidence supporting the concept of cosmic inflation.
03

the act of filling something with air

04

lack of elegance as a consequence of being pompous and puffed up with vanity

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