Inflation Rate (Noun)
Meaning
The rate of change of prices (as indicated by a price index) calculated on a monthly or annual basis.
Classification
Nouns denoting time and temporal relations.
Examples
- The inflation rate over the past year was 2.5%, indicating a moderate increase in consumer prices.
- Central banks adjust interest rates to manage the inflation rate and keep it within a target range.
- The government released a statement assuring citizens that the current inflation rate was under control.
- The country's central bank aims to keep the inflation rate below 3% to maintain economic stability.
- The inflation rate increased significantly after the natural disaster due to supply chain disruptions and shortages.