stagflation

American  

[stag-fley-shuhn] / stægˈfleɪ ʃən /

noun

1. an inflationary period accompanied by rising unemployment and lack of growth in consumer demand and business activity.

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stagflation British  

/ stæɡˈfleɪʃən /

noun

1. a situation in which inflation is combined with stagnant or falling output and employment

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stagflation Cultural  

1. An economic phenomenon of the late 1960s and 1970s characterized by sluggish economic growth and high inflation. The word is a blend of stagnation and inflation.

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Etymology

Origin of stagflation

First recorded in 1965–70; stag(nation) ( def. ) + (in)flation

Example Sentences

His predecessor’s tenure was “defined by the misery known as ‘stagflation’—high inflation and low growth,” the president wrote in these pages last month.

From The Wall Street Journal

What it says about America: A country facing deindustrialization and stagflation turned toward escapist glamour and pop songs that fused funk, soul and R&B—and got people on the dance floor.

From The Wall Street Journal

Stephen Douglass, chief economist at NISA, noted that Powell highlighted diminishing stagflation risks, with both upside risks to inflation and downside risks to employment easing.

From Barron's

Meanwhile, long-term interest rates and mortgage rates would be soaring and the economy would be faced with stagflation and a deepening housing-market slump.

From MarketWatch

When officials confronted a similar dilemma, during the so-called stagflation of the 1970s, the central bank’s stop-and-go response allowed high inflation to become entrenched.

From The Wall Street Journal