Just like with any other financial phenomenon, there are both positive and negative effects of inflation. Inflation is a situation of rising prices in the economy. In the UK the rate of inflation has been measured since December 2003 by a CONSUMER PRICE INDEX (CPI) in order to bring it into line with European Union practice which uses a ‘harmonised index of consumer prices’ to provide a common formula for calculating inflation rates for EU member countries. inflation - WordReference English dictionary, questions, discussion and forums. Definition of inflation written for English Language Learners from the Merriam-Webster Learner's Dictionary with audio pronunciations, usage examples, and count/noncount noun labels. Definition of inflation noun from the Oxford Advanced Learner's Dictionary. All Free. Simply put, inflation definition is the long term rise in the prices of goods and services caused by the devaluation of the currency. ‘Global inflation is not, however, taking off into the blue yonder.’ ‘Even though inflation at 2.6% is low, it is still eating into any money left on deposit.’ ‘It is hardly surprising, then, that inflation … inflation in English translation and definition "inflation", Dictionary English-English online. 2. a. In economics, inflation is a general increase in prices and a decrease in the purchasing power of money. Inflation means an increase in the cost of living as the price of goods and services rise. In lay terms, it means $1 won’t get you as much now as it did a decade ago. This is devaluation is evident in the fact that the consumer price index (CPI) increases during this period. Inflation means that the general level of prices is going up, the opposite of deflation.More money will need to be paid for goods (like a loaf of bread) and services (like getting a haircut at the hairdresser's). Inflation definition: Inflation is a general increase in the prices of goods and services in a country . In economics, inflation (or less frequently, price inflation) is a general rise in the price level in an economy over a period of time. inflation . en.wiktionary.org Definition: Inflation rate is the percentage at which a currency is devalued during a period. In other words, it’s a rate at which the currency is being devalued causing the general prices of consumer goods it increase relative to change in currency value. | Meaning, pronunciation, translations and examples The act of inflating or the state of being inflated. Definitions. Economists measure inflation regularly to know an economy's state. n. 1. A more exact definition of inflation is a sustained increase in the general price level in an economy. An act, instance of, or state of expansion or increase in size, especially by injection of a gas. Inflation (economics) synonyms, Inflation (economics) pronunciation, Inflation (economics) translation, English dictionary definition of Inflation (economics). en.wiktionary.org. We generally use “inflation” to refer to the overall purchasing power of money in our economy, but it can occur within sectors too. inflation An increase in the general level of PRICES in an economy that is sustained over time. Sense (1) dates from the mid 19th cent. The rate of inflation measures the annual percentage change in the general price level. inflation ... Word Origin Middle English (in the sense ‘the condition of being inflated with a gas’): from Latin inflatio(n-), from inflare ‘blow in to’, from in-‘into’ + flare ‘to blow’. ɪn.ˈfleɪ.ʃən.
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