General English

  • noun a state of the economy where prices and wages are rising to keep up with each other



  • A feature of some proposed models of the early universe. These involve a history of the first second of the universe in which it underwent accelerated expansion from a size of only a few centimetres. The expansion allows for the homogeneity of the universe we observe despite its immense size, which means that it is not possible for information to be exchanged across the universe.


  • noun the act of blowing air into something, e.g. a balloon or a tyre, and so increasing its size
  • noun a continuing increase in the price of things and a decrease in the buying power of money


  • A persistent increase in the level of consumer prices, or a persistent decline in the purchasing power of money, caused by an increase in available currency and credit beyond the proportion of available goods and services.


  • noun a situation in which prices rise to keep up with increased production costs, with the result that the purchasing power of money falls. Inflation affects businesses, in that as their costs rise, so their profits may fall and it is necessary to take this into account when pricing products

Health Economics

  • (written as Inflation)
    Rising prices. Usually measured by the percentage increase in an index number of prices.


  • noun the situation where prices rise to keep up with increased money available to buy goods