INFLATION

Inflation

In economics, inflation is a persistent increase in the general price level of goods and services in an economy over a period of time.

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inflation

Noun

  1. An act, instance of, or state of expansion or increase in size, especially by injection of a gas.
    The inflation of the balloon took five hours.
  2. An increase in the general level of prices or in the cost of living.
  3. A decline in the value of money.
  4. An increase in the quantity of money, leading to a devaluation of existing money.
  5. Undue expansion or increase, as of academic grades.
  6. An extremely rapid expansion of the universe, theorised to have occurred very shortly after the big bang.


The above text is a snippet from Wiktionary: inflation
and as such is available under the Creative Commons Attribution/Share-Alike License.

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