INFLATION

By SovConn | June 22, 2013

inflation,n. A general increase in prices coinciding with a fall in the real value of money. Cf.

DEFLATION. — inflationary,adj.

cost-push inflation.Inflation caused by a rise in production costs. demand-pull inflation.Inflation caused by an excess of demand over supply.

[Blacks Law 8th]

Posted in Law Dictionary Definitions