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Inflation: Definition, Usage & Real-World Examples (2 meaning)

Meaning 1:rising prices (inflation)

inflation 🔊
/ɪnˈfleɪʃən/
n.
A general increase in prices over time, which means your money buys less than it did before.
Inflation illustrated by a concerned shopper seeing rising price tags in a supermarket.
rising prices 🔊
/ˈraɪzɪŋ ˈpraɪsɪz/
n.
This refers to the sustained and broad increase in the general price level of goods and services in an economy over a period of time, leading to a decrease in the purchasing power of money.
📁 Category:Social Economy 🔖 Level:Intermediate

📘 Details & Usage

📖 Root Explanation
From Latin 'inflatio', from 'inflare' (to blow into), composed of 'in-' (into) + 'flare' (to blow).
💡 Mnemonic
Think of a balloon being inflated: as it gets bigger (inflation), your money's buying power gets smaller, like air thinning out.
📖 Example
With inflation rising, my family is spending more on groceries every month but getting less in the shopping cart. 🔊 As prices continue to climb, my household's monthly grocery bill increases, yet the amount of food we can buy shrinks.
🔗 Collocations
inflation rate – the percentage increase in prices over a specific period
high inflation – a period of rapid and significant price increases
control inflation – to take measures to reduce or stabilize the rate of price increases
🔄 Synonyms
price increase (n.) – a rise in the cost of goods and services
escalation (n.) – a rapid increase, often used for prices or costs
🚫 Antonyms
deflation (n.) – a general decrease in the price level of goods and services
🌱 Derivatives
inflate (v.) – to cause something to increase abnormally, especially prices
inflationary (adj.) – relating to or causing a general rise in prices
📖 Cultural Story
The economic term 'inflation' gained prominence in the 19th century, originally describing an increase in the money supply. Its modern price-rise meaning solidified post-WWII. Central bank leaders, like the U.S. Federal Reserve Chair, are key figures in managing national inflation targets.

Meaning 2:filling with air (inflation)

inflation 🔊
/ɪnˈfleɪʃən/
n.
The act of filling something with air or gas to make it bigger and rounder.
Physical inflation shown by hands pumping air into a colorful beach ball.
filling with air 🔊
/ˈfɪlɪŋ wɪð ɛr/
n.
This refers to the physical action or process of filling something, such as a tire, balloon, or air mattress, with air or gas, causing it to expand and become firm.
📁 Category:Objects & Materials 🔖 Level:Intermediate

📘 Details & Usage

📖 Example
Before our beach trip, I used a pump for the inflation of the new beach ball. 🔊 Prior to heading to the beach, I employed a pump to fill the new beach ball with air.
🔗 Collocations
tire inflation – the process of putting air into a vehicle tire to the correct pressure
rapid inflation – the quick filling of an object with air or gas
🔄 Synonyms
expansion (n.) – the action of becoming larger or more extensive, often by filling with air
pumping up (n.) – the informal act of inflating something using a pump
🚫 Antonyms
deflation (n.) – the act of releasing air or gas from something, causing it to shrink
🌱 Derivatives
inflate (v.) – to fill something with air or gas so it becomes larger
inflatable (adj.) – designed to be filled with air
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