stag‧fla‧tion /stæɡˈfleɪʃ
ən/
noun [uncountable][
Date: 1900-2000;
Origin: stagnation + inflation]
an economic situation in which there is
inflation (=a continuing rise in prices) but many people do not have jobs and businesses are not doing well
[TahlilGaran] Dictionary of Contemporary English ▲