Inflation (noun)
Definition
It represents a decline in the purchasing power of a currency, resulting in higher prices and a decrease in the value of money. Inflation is typically measured through the Consumer Price Index (CPI) or other inflation indices.
Etymology
The word inflation is derived from the Latin word inflatio, which is the past participle of inflare meaning to blow up or to inflate. The term was adopted in the context of economics to describe the expansion or increase in the price level.
Synonyms
- Price rise
- Cost increase
- Escalation
- Price upsurge
- Spiraling prices
- Cost inflation
- Price hike
- Value erosion
- Rising costs
- Monetary expansion
Antonyms
- Deflation
- Price Decrease
- Value deflation
- Price decline
- Cost reduction
- Price Drop
- Shrinking prices
- Value appreciation
- Falling costs
- Contraction
Example
Rapid inflation has led to higher prices for everyday essentials, making it challenging for people to maintain their standard of living.
FAQs (Frequently Asked Questions)
What is the noun of inflation?
The noun form of inflation is inflator. An inflator refers to something or someone that causes or contributes to inflation.
Is inflation a countable noun?
No, inflation is generally considered an uncountable noun. It represents a concept or phenomenon rather than a discrete or countable unit.
Is inflation a noun or verb?
It is a noun. It refers to the concept or phenomenon of a sustained increase in the general price level of goods and services.
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