Definitions

1. noun

a sustained increase in the general price level of goods and services in an economy over time, resulting in decreased purchasing power and often causing a decrease in the value of money.

“The country’s inflation rate was at an all-time high, making it difficult for people to afford basic necessities.”

2. verb

to increase or cause to increase in price or value.

“The new tax policy was expected to inflation the cost of living in the city.”

3. noun

an increase in the amount or scope of something.

“The company’s profits experienced inflation due to the rise in demand for their products.”