inflation The overall general upward price movement of goods and services in an economy, usually as measured by the Consumer Price Index and the Producer Price Index. opposite of deflation. see also economics, macroeconomics, bracket creep, commodity-backed bond, constant dollars, cost-push inflation, credit squeeze, demand inflation, disinflation, hyperinflation, index bond, indicator, monetary policy, tight monetary policy, monetizing debt, nominal, real, price index, purchasing-power risk, stagflation.
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