Inflation

In*fla"tion

(?), n. [L. inflatio: cf. F. inflation.] 1. The act or process of inflating, or the state of being inflated, as with air or gas; distention; expansion; enlargement. Boyle.
[1913 Webster]

2. The state of being puffed up, as with pride; conceit; vanity. B. Jonson.
[1913 Webster]

3. Persistent expansion or increase in the general level of prices, usually caused by overissue of currency, and resulting in a reduced value of the currency. It is contrasted with deflation, and is when it occurs to a very high degree is called hyperinflation. [U.S.]
[1913 Webster +PJC]

 

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Wed 12th December 2018