Definition of agflation in English:

agflation

noun

Economics
  • Rising food prices caused by increased demand for agricultural commodities.

    ‘in 2007 agflation hit everything from cereal and baked products to meat, poultry, fish, and eggs’
    • ‘Agflation can also cause headaches for central banks.’
    • ‘Inflation might not be a near-term prospect right now, but agflation certainly might be.’
    • ‘If you're shocked by the cost of a pint at your local, or a loaf at the supermarket, over the next few weeks, blame agflation.’
    • ‘We are going to have to get used to a nasty new word—agflation.’

Origin

Early 21st century: blend of agriculture and inflation.

Pronunciation:

agflation

/aɡˈflāSHən/