Definition of inflation in US English:

inflation

noun

  • 1The action of inflating something or the condition of being inflated.

    ‘the inflation of a balloon’
    ‘the gross inflation of salaries’
    • ‘These outer hair cells are trypsin treated from inside and are made spherical by inflation.’
    • ‘As a result, the surgeon decided to dilate the narrowed blood vessel using balloon inflation.’
    • ‘After maximal inflation, the balloon can immediately be deflated because the mesh opposes elastic recoil.’
    • ‘It remains likely that US interest rates will rise again later in the year since the risks lie firmly on the side of higher inflation.’
    • ‘Writing in the Guardian last month, Mark Lawson wrote of galloping spiritual inflation in the USA.’
    • ‘Balloon inflation inevitably stops coronary blood flow, which may induce angina.’
    • ‘It's like there's inflation on the currency of romance or something.’
    • ‘Has anyone but me noticed the gross inflation of pool table costs during the last decade?’
    • ‘Bags that did survive inflation were installed on pickup trucks for further testing.’
    exaggeration, overemphasis, magnification, amplification, overplaying, dramatization, colouring, embroidery, embellishment, enhancement, extravagance, hyperbole, excessiveness, overestimation, overvaluation, aggrandizement
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    1. 1.1Astronomy (in some theories of cosmology) a very brief exponential expansion of the universe postulated to have interrupted the standard linear expansion shortly after the Big Bang.
      • ‘The scenario for inflation in 1982 was that the universe began with a big bang singularity.’
      • ‘There is a mouthpiece for additional inflation, and a whistle and a light for attracting attention’
      • ‘If they find such ripples it will be powerful evidence in favour of Guth's theory of inflation.’
      • ‘If you have the big bang followed by a really rapid burst of inflation, that should have happened more than once.’
      • ‘This finding is consistent not only with inflation but with the existence of dark matter.’
      • ‘In some sense, the cyclic idea still uses inflation to smooth out the universe.’
      • ‘In particular, it is violated during the accelerated expansion predicted in theories of cosmic inflation.’
      • ‘But eternal inflation is much more than just the claim that the universe inflated at early times.’
      growth, rise, enlargement, expansion, extension, multiplication, elevation, swelling
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  • 2Economics
    A general increase in prices and fall in the purchasing value of money.

    ‘policies aimed at controlling inflation’
    as modifier ‘high inflation rates’
    • ‘In a downward inflation trend, salary expectations lag the decreases in inflation.’
    • ‘Meanwhile, the world's central bankers have been trained to focus exclusively on inflation.’
    • ‘The bare figures, however, conceal the fact that domestic inflation is still stubbornly high.’
    • ‘True, central bankers are never entirely relaxed about inflation.’
    • ‘Failure to adjust benefits for inflation was a favorite strategy in Latin America.’
    • ‘Meanwhile they have awarded themselves salary rises well above inflation.’
    • ‘Over the long run, as the graph dramatically shows, equities have strongly outperformed bonds and inflation.’
    • ‘Global inflation is not, however, taking off into the blue yonder.’
    • ‘These are the same landlords who clamoured over cheap two and three-bed houses in the first place, driving inflation.’
    • ‘In December he indicated that he was concerned about inflation and the excessive risk taking in the markets.’
    • ‘But in a market where bond yields are tightening and inflation is low, returns are the top priority for investors.’
    • ‘The key concern behind the recent market turmoil is inflation.’
    • ‘Some pension experts believe the new statements will give an accurate picture because they reflect the impact of inflation.’
    • ‘It is hardly surprising, then, that inflation has been on an upward trend.’
    • ‘That is something Asian companies did not do the last time inflation hit the region in the early 1990s.’
    • ‘But over the longer term, only equities have produced returns that consistently beat inflation.’
    • ‘Although inflation was dramatically reduced, so was demand, output, and employment.’
    • ‘Even though inflation at 2.6% is low, it is still eating into any money left on deposit.’
    • ‘Taking that and inflation into account would raise the cost to about £390m.’
    • ‘I think he's missing out on all the massive bouts with inflation.’
    increase, gain, growth, rise, mounting, escalation
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Origin

Middle English (in the sense ‘the condition of being inflated with a gas’): from Latin inflatio(n-), from inflare ‘blow in to’ (see inflate). inflation (sense 2) dates from the mid 19th century.

Pronunciation

inflation

/inˈflāSH(ə)n//ɪnˈfleɪʃ(ə)n/