n · academic
inflation
/ɪnˈfleɪʃən/in·FLA·tion
a general increase in prices and fall in the purchasing value of money
Examples
“High inflation has made everyday goods much more expensive over the year.”
“The central bank raised interest rates to try to curb inflation.”
“During periods of inflation, people may try to invest in assets that hold value.”
Band 8 sentence
“Persistent inflation erodes savings and disproportionately affects low‑income households.”
Collocations
- high inflation / rising inflation / curb inflation
- inflation rate
Word family
Common mistakes
There are high inflations this year.→There is high inflation this year.
The inflation went up quickly.→Inflation rose quickly.
Say it for a higher band
5price rise→6rising prices→7+inflation
Synonyms
price rise
Easily confused
deflation
“The economy suffered from deflation after the collapse of demand.”
Related words
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In Shopping & Money
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