inflation rate

Definition

The percentage increase in the price of goods and services, usually annually.

Use inflation rate in a sentence

Due to inflation rate being somewhat unpredictable each year, it is prudent to have extra money saved to prevent a shortage of funds.

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High inflation rates increase the prices of goods and services annually, decreasing the value of money and causing problems in the economy.

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Given the recent year's staggering inflation rate, company executives were not surprised that their sales had fallen off and couldn't blame consumers for feeling skittish.

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