Meaning of the word inflation in English

What does inflation mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

inflation

US /ɪnˈfleɪ.ʃən/
UK /ɪnˈfleɪ.ʃən/
"inflation" picture

Noun

1.

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

Example:
The country is experiencing high inflation.
Controlling inflation is a key goal for the central bank.
Synonym:
2.

the action of inflating something or the state of being inflated

Example:
The rapid inflation of the balloon caused it to burst.
The doctor noted some inflation in the patient's knee.
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