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inflationa general increase in prices and fall in the purchasing value of money

Part of speech: NOUN

Definition: a general increase in prices and fall in the purchasing value of money

Pronunciation (IPA): /ɪnˈfleɪʃən/

Example Sentences

  • My grandmother remembers when candy cost a penny, but inflation has made everything more expensive.
  • The pizza place raised prices again due to inflation - my wallet is crying!
  • Economic experts predict that inflation will slow down next year.

inflation

NOUN

[/ɪnˈfleɪʃən/]

a general increase in prices and fall in the purchasing value of money

The same toy now requires many more coins — that’s inflation.
💡 Concept

The same toy now requires many more coins — that’s inflation.

High inflation reduced the value of people's money.
🧠 Mnemonic

High inflation reduced the value of people's money.

"Inflation is a silent nation-wide taxation — eroding every dollar with no negotiation."
🎵 Rhyme

"Inflation is a silent nation-wide taxation — eroding every dollar with no negotiation."

Got the picture? Now let's practice.

🎤Pronunciation

🇺🇸 US/ɪnˈfleɪʃən/
🇬🇧 UK/ɪnˈfleɪʃən/

🌳Etymology

Prefixin--
Rootflat-
Suffix--tion

Origin

The word derives from Latin 'inflare', meaning 'to blow into' or 'to puff up'. The term was metaphorically applied to economic phenomena, comparing the swelling of prices to the inflation of a balloon with air.

Breakdown

in- (into) + flare (to blow) + -tion (noun suffix forming abstract nouns). The prefix and root literally mean 'to blow into', while the suffix nominalizes the action into a state or process.

🎵Rhyme

nationstationcreationeducation
nation
station
creation
education

🔗Collocations

high inflation
inflation rate
combat inflation
curb inflation
inflation target
rising inflation

📝Examples

My grandmother remembers when candy cost a penny, but inflation has made everything more expensive.

😄 Fun example

The pizza place raised prices again due to inflation - my wallet is crying!

Economic experts predict that inflation will slow down next year.

😄 Fun example

Thanks to inflation, my childhood piggy bank savings can't even buy a cup of coffee now.

📚Related Words

Synonyms

price increasecost riseeconomic expansionmonetary devaluation

Antonyms

deflationprice decrease

Related

economycurrencyinterest ratepurchasing powercost of living

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