inflation
US /ˌɪnˈfleɪʃən/
Definition
a general and progressive increase in prices
Tested in TOEIC business and workplace contexts.
Examples
Rising inflation has made it harder for families to afford basic goods.
Word Family
Synonyms
- price hikehaving a meaning similar to inflation
- price increasehaving a meaning similar to inflation
Collocations
- Easy high inflationdescribing high inflation (a lofty level or position or degree)
- Medium inflation rate projectiondescribing inflation rate projection (a general and progressive increase in prices)
- Hard raise rates to curb inflationto raise rates to curb inflation, meaning to raise the level or amount of something
- Very Hard hyperinflation eroding purchasing powera collocation phrase: hyperinflation eroding purchasing power
Learner's English edition · Curated definitions for TOEIC learners.