inflation
/ɪnˈfleɪʃən/
noun
Britannica Dictionary definition of INFLATION
[noncount]
1
:
an act of inflating something
:
the state of being inflated
2
:
a continual increase in the price of goods and services
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The government has been unable to control/reduce/curb inflation.
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The rate of inflation is high/low/rising.
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The annual inflation rate is three percent. [=prices are rising three percent each year]
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economic inflation