INFLATIONARY SPIRAL

Pronunciation (US):

(GB):

 I. (noun) 

Sense 1

Meaning:

An episode of inflation in which prices and wages increase at an increasing rate and currency rapidly loses value

Classified under:

Nouns denoting natural processes

Hypernyms ("inflationary spiral" is a kind of...):

spiral (a continuously accelerating change in the economy)

Antonym:

deflationary spiral (an episode of deflation in which prices and wages decrease at an increasing rate and currency gains in value)

Credits