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Overview

inflation

A general increase in prices in an economy and consequent fall in the purchasing value of money. See also core inflation; hyperinflation; stagflation.

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A Dictionary of Economics (5 ed.)

Reference type:
Subject Reference
Current Version:
2017
Subject:
Social sciences, Economics
Length:
137 words

...in which prices increase so fast that money largely loses its convenience as a medium of exchange. See also core inflation ; cost inflation ; creeping inflation ; demand inflation ; expected inflation ; hyperinflation ; imported inflation ; menu costs of inflation ; repressed inflation ; shoe-leather costs of inflation ; underlying rate of inflation ; unexpected inflation...

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A Dictionary of Business and Management (6 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
24 words

... A general increase in prices in an economy and consequent fall in the purchasing value of money. See also core inflation ; hyperinflation ; stagflation...

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A Dictionary of Accounting (5 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
24 words

... A general increase in prices in an economy and consequent fall in the purchasing value of money. See also core inflation ; hyperinflation ; stagflation...

inflation

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A Dictionary of Finance and Banking (6 ed.)

Reference type:
Subject Reference
Current Version:
2018

... A general increase in prices in an economy and consequent fall in the purchasing value of money. See also core inflation ; hyperinflation ; stagflation...

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World Encyclopedia

Reference type:
Subject Reference
Current Version:
2004
Subject:
Encyclopedias
Length:
50 words

... Continual upward movement of prices. Although normally associated with periods of prosperity, inflation may also occur during recessions . It usually occurs when there is relatively full employment. Under ‘cost-push’ inflation, prices rise because the producers' costs increase. Under ‘demand-pull’ inflation, prices increase because of excessive consumer demand for...

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A Dictionary of Environment and Conservation (3 ed.)

Reference type:
Subject Reference
Current Version:
2017

... The average rate at which the general price of goods and services increases through...

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A Dictionary of Statistics (3 ed.)

Reference type:
Subject Reference
Current Version:
2014

... The percentage increase in the retail price index relative to its value one year...

inflation

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The Concise Oxford Dictionary of Politics and International Relations (4 ed.)

Reference type:
Subject Reference
Current Version:
2018
Subject:
Social sciences, Politics
Length:
117 words

... A general and persistent increase in the price level. Inflation has been seen to lead to uncertainty, discouraging saving and investment, as well as affecting a country’s international trade, via the exchange rate and balance of payments, and redistributing income, from those with savings to borrowers. With the increasing influence of monetarist thinking during the 1970s, which itself was partly due to the jump in international inflation after the OPEC crisis of 1973 , the reduction of inflation became a key target of economic policy. Methods of...

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A Dictionary of Marketing (4 ed.)

Reference type:
Subject Reference
Current Version:
2016
Subject:
Social sciences, Business and Management
Length:
26 words

... The economic circumstances in which constant and often sharp increases in prices cause a decline in the purchasing power of the currency. See also pricing...

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The Oxford Companion to Family and Local History (2 ed.)

Reference type:
Subject Reference
Current Version:
2009
Subject:
History, Local and Family History
Length:
212 words

... The three greatest periods of inflation have been those of 1180–1220 , when food prices doubled or trebled, the late 15th to the mid‐17th centuries, when prices rose four‐ or fivefold, and that of the later 20th century, when prices rose tenfold between 1960 and 1990 . In between these periods have been centuries of steady prices, with slight rises and falls. Historians have little data for the earliest period of inflation, but are aware that the one which lasted throughout the 16th century and beyond was a European‐wide phenomenon. See David M....

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