1. a general increase in prices and fall in the purchasing value of money
Usage: economics
2. the action of inflating something or the condition of being inflated

Examples

• High inflation makes it harder for families to afford basic necessities.
• The government is trying to control inflation through monetary policy.
• Inflation has risen to 6% this year.
• The inflation of the balloon took several minutes.
• Check the tire inflation before your road trip.
• Economic inflation often leads to higher interest rates.