First Known Use: 1965
Dictionary
stagflation
noun stag·fla·tion \ˌstag-ˈflā-shən\
: an economic situation in which prices of goods and services continually increase, many people do not have jobs, and businesses are not very successful
Full Definition of STAGFLATION
: persistent inflation combined with stagnant consumer demand and relatively high unemployment
— stag·fla·tion·ary \-shə-ˌner-ē\ adjective
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Origin of STAGFLATION
blend of stagnation and inflation
Other Economics Terms
Rhymes with STAGFLATION
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