One of the mysteries of the English language finally explained.
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’
- ‘We are going to have to get used to a nasty new wordagflation.’
- ‘Inflation might not be a near-term prospect right now, but agflation certainly might be.’
- ‘Agflation can also cause headaches for central banks.’
- ‘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.’
Early 21st century: blend of agriculture and inflation.
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