inflation

noun B2 Formal

Business

Meaning

Inflation refers to the general increase in prices and the fall in the purchasing value of money over time.

💡 A common mistake is to confuse inflation with deflation, which is the decrease in prices.

Example Sentences

How does inflation affect the prices of everyday goods ?

Inflation has caused prices to rise steadily over the past year .

Inflation has significantly affected the country's economic growth this year .

Inflation is making everything more expensive these days .

Word in Context

After paying at the checkout , Maria looks at the supermarket receipt and realizes that inflation has made many items more expensive this month . She keeps a monthly budget , so she decides to buy fewer brand - name products and cook at home more often to save money . This week she compares prices at two nearby stores and buys fruit and vegetables where they cost less . Small changes like walking to the cheaper shop and planning meals help her stretch her income until her wages increase .

Common Phrases

high inflation inflation rate inflationary pressures

Antonyms

Related Words

Never forget "inflation"

Set a daily goal, reinforce with word cards and games, and track your progress in the Vocab5000 app — learn every B2 level word permanently with our science-based repetition system.

From App StoreDownload

From Google PlayDownload