English Reference

Word

inflation

Phoneticsin·fla·tion, stress on the second syllable

US/ˌɪnˈfɫeɪʃən/

UK/ɪnflˈeɪʃən/

Definitions

01rising prices

B2 · Upper Intermediate Uncountable noun Economics

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

n. a persistent increase in the general price level of goods and services in an economy over a period of time.

“High inflation means that your weekly groceries cost much more than they did last year.”

“Central banks often raise interest rates to combat rising inflation and prevent the economy from overheating.”

Usage

Usually uncountable when referring to the general economic trend.

Synonyms

price hikedevaluation

Antonyms

02filling with air

C1 · Advanced Uncountable noun Technical

n. the act of filling something with air or gas so it gets bigger.

n. the act of expanding or distending an object by injecting it with a gas or liquid.

“The inflation of the life raft took only a few seconds after he pulled the cord.”

“Proper inflation of the aircraft's tires is critical for ensuring a safe landing on wet runways.”

Usage

Can be countable or uncountable depending on whether it refers to the process or a specific instance.

Antonyms

03academic grades

C1 · Advanced Uncountable noun Academic

n. when things like school grades increase over time so they seem less special.

n. the tendency for academic marks or evaluations to rise over time, resulting in a perceived loss of value in high grades.

“Because of grade inflation, almost everyone in the class received an A.”

“Employers expressed concern that grade inflation at top universities makes it difficult to distinguish truly exceptional candidates from the rest of the cohort.”

Synonyms

grade creep

04the early universe

C2 · Proficiency Uncountable noun Science Technical

n. a very fast expansion of the universe that happened just after it began.

n. a theory of exponential expansion of space in the early universe, occurring shortly after the Big Bang.

“Scientists study cosmic inflation to understand how the universe grew so large so quickly.”

“The theory of inflation explains why the cosmic microwave background radiation appears so uniform across the observable sky.”

Synonyms

cosmic inflation

Collocations

Common phrases and expressions where native English speakers use the word “inflation” in context.

Verb

01. combat inflation

“The central bank raised interest rates to combat inflation.”

verb + noun

02. inflation rises

“As inflation rises, the purchasing power of the local currency tends to decrease.”

noun + verb

03. keep inflation down

“The government implemented new policies to keep inflation down during the crisis.”

verb + noun + adv

Adjective

04. annual inflation

“The annual inflation rate has reached its highest level in three decades.”

adj + noun

05. runaway inflation

“The country experienced runaway inflation, with prices doubling every few weeks.”

adj + noun

Noun

06. inflation target

“The bank's primary goal is to meet its two percent inflation target.”

noun + noun

07. rate of inflation

“Economists are worried that the rate of inflation will exceed five percent this year.”

noun + of + noun

Preposition

08. hedge against inflation

“Many investors buy gold as a hedge against inflation.”

noun + prep + noun

Real-World Examples

“Spain's central bank had already raised its inflation forecast in June, and for the full year it expects inflation to reach 3.6 percent, up from a previous forecast of 3.0 percent.”
The Local 14 Aug 2026
“Annual inflation is now 6.5%, compared with 24.6% in July 2021.”
The Guardian 13 Aug 2026
“Annual US inflation dipped to 3.4% in July, with food costs slowing and housing keeping prices slightly higher.”
BBC News 12 Aug 2026
“When adjusted for inflation, the price of this year's cheapest ticket has actually fallen over the last decade.”
BBC News 12 Aug 2026

Etymology

From Middle English, borrowed from Old French inflation (“swelling”), from Latin īnflātiō (“expansion", "blowing up”), from īnflātus, the perfect passive participle of īnflō (“blow into, expand”), from in (“into”) + flō (“blow”). By surface analysis, inflate + -ion.

Etymology adapted from Wiktionary, available under CC BY-SA 4.0.

Word family

NOUN

inflation(B2)

Related words

Domain

Economics

This entry

Exam level
CambridgeCambridgeCambridge English QualificationsThe exam suite from Cambridge University Press & Assessment, from A1 Movers up to C2 Proficiency. The benchmark names double as CEFR labels.B2 FirstIELTSIELTSInternational English Language Testing SystemThe 0–9 band test co-owned by the British Council, IDP, and Cambridge. Used for university entry, work, and migration.5.5–6.5TOEFL iBTTOEFL iBTTest of English as a Foreign Language, Internet-Based TestETS's academic English test, the standard route for US university admissions. Scored 0–120, with a 1–6 scale since 2026.1–6 scale: 4.0–4.572–94TOEICTOEICTest of English for International CommunicationETS's workplace English test, big in Japan and Korea. Listening & Reading scores 10–990 and tops out at C1.785–944
Frequency
Common
Level
B2 · Upper IntermediateOxford
Updated

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