Word: 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’ (see inflate). inflation (sense 2) dates from the mid 19th century. Phonetic: ɪnˈfleɪʃ(ə)n Listen:
the action of inflating something or the condition of being inflated. Example: the inflation of a balloon
a general increase in prices and fall in the purchasing value of money. Example: policies aimed at controlling inflation
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