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, or it can also refer to a device or mechanism used to inflate or increase the volume or pressure of something, such as an air inflator or tire inflator.
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. Inflation refers to the overall increase in the general price level, and it is typically treated as a singular, non-countable noun in English.
How do you use inflation in a sentence?
The rapid inflation of prices has made it difficult for families to afford basic necessities such as food and housing.
Is inflation a noun or verb?
Inflation is a noun. It refers to the concept or phenomenon of a sustained increase in the general price level of goods and services.
What is the best example of inflation?
One example of inflation can be seen in the housing market where the price of homes steadily rises over time. As demand increases and the supply of available housing decreases, the prices of homes escalate, resulting in inflationary pressures within the housing sector.
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