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... > contexts > population characteristics > socioeconomic factors > poverty > causes of poverty > inflation
social science subjects > economics > macroeconomics > economic conditions > inflation
... > contexts > population characteristics > socioeconomic factors > economic factors > economic fluctuations > inflation
... > social science subjects > sociology > social problems > social problems encyc > economics and work > inflation
... > contexts > population characteristics > socioeconomic factors > poverty > economics of poverty > inflation

Preferred term

inflation  

Definition

  • Inflation is a continued and sustained rise in the general price level or, equivalently, a continuous decrease in the value of money. Thus, it is not an increase in just one price or a few prices but in a large number of prices at once; not a one-time increase, but an increase that spreads out over time; and not a temporary, reversible increase, such as the increase in the prices of certain consumer goods around Christmas, but a sustained increase. [Source: Encyclopedia of Business Ethics and Society; Inflation]

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https://concepts.sagepub.com/social-science/concept/inflation

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