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Home > Terms > English, UK (UE) > Inflation
Inflation
In economics, this term describes a situation in which prices are rising relatively quickly, as measured for example, by the retail price index, thus causing a fall in the real (as opposed to the nominal) value of money.
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- Part of Speech: noun
- Synonym(s):
- Blossary:
- Industry/Domain: Business administration
- Category: Financial management
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