Inflation

noun
/ɪnˈfleɪ.ʃən/
A sustained increase in the general price level of goods and services in an economy over a period of time, resulting in a decline in the purchasing power of money.

✍️ Usage in a UPSC answer

Persistent food and fuel inflation disproportionately burdens the poor, who spend a larger share of income on essentials, making price stability not merely a monetary objective but a question of distributive justice and inclusive growth.

Synonyms

price risecost-of-living increasecurrency depreciationescalationexpansiondistension

Antonyms

deflationdisinflationcontraction

🌱 Word Family

inflate (v), inflated (adj), inflationary (adj), deflation (n), reflation (n), stagflation (n)

🔡 Root

Latin īnflātiō = expansion, blowing up; in- = into; flāre = to blow

📜 Etymology

From Latin īnflātiō ("expansion, blowing up"), derived from īnflāre ("to blow into"), combining in- ("into") + flāre ("to blow"); first used in an economic context in the mid-19th century to describe monetary expansion, and later applied to rising price levels.

🧠 Memory Hook

Picture a balloon inflated with hot air — Latin flare "to blow." When too much money is "blown into" an economy, prices swell up just like that balloon.

📝 Seen in UPSC Question Papers

Real UPSC previous-year questions whose text uses “Inflation” — proof this word earns its place on your list.

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