1. a situation in which inflation and unemployment are both high at the same time
Usage: economics

Examples

• The country experienced stagflation during the 1970s oil crisis.
• Economists worry that current policies could lead to stagflation.
• Stagflation presents a difficult challenge for policymakers.
• The combination of rising prices and job losses created a period of stagflation.
• Central banks struggle to combat stagflation effectively.
• Many developed nations faced stagflation in the late twentieth century.