The inflation
Example: The inflation reduces purchasing power over time
Definition
"The inflation" refers to the general increase in prices of goods and services in an economy over time, leading to a decrease in the purchasing power of money. It means that with inflation, each unit of currency buys fewer items than before.
Etymology
The word "inflation" comes from the Latin 'inflatio,' meaning 'a blowing up or swelling.' Originally, it referred to physical swelling, but by the 19th century, it evolved to describe the expansion of the money supply and rising prices in economics. Did you know? The term gained widespread use during periods of rapid price increases, such as after World War I.
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"The inflation" appears in the Vocaplus list "English - General - (C1) - set 2", containing 116 commonly used words.
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