stagflation

noun

stag·​fla·​tion ˌstag-ˈflā-shən How to pronounce stagflation (audio)
: persistent inflation combined with stagnant consumer demand and relatively high unemployment
stagflationary adjective

Did you know?

Stagflation is a portmanteau, that is, a word that blends two others (in this case, "stagnation" and "inflation"). The first documented use of the word appeared in 1965 in the writing of British politician Iain Macleod, who wrote, "We now have the worst of both worlds - not just inflation on the one side or stagnation on the other, but both of them together. We have a sort of 'stagflation' situation." Macleod is often credited with coining the term, and his linguistic invention was quickly embraced by economists in the United States, who used it to refer to the period of economic sluggishness and high inflation that affected the country in the 1970s.

Examples of stagflation in a Sentence

Recent Examples on the Web
Examples are automatically compiled from online sources to show current usage. Read More Opinions expressed in the examples do not represent those of Merriam-Webster or its editors. Send us feedback.
These trade conflicts have triggered worries about stagflation, a combination of stagnant growth and elevated inflation. Axios, 15 Mar. 2025 Meanwhile, the prospect of stagflation — meaning accelerating price increases alongside lackluster growth — has increased. Rob Wile, NBC News, 13 Mar. 2025 Widely followed strategist Ed Yardeni, one of the biggest bulls on Wall Street, lowered his market forecast, saying President Donald Trump’s tariffs raise the risk of stagflation. Yun Li, CNBC, 13 Mar. 2025 America’s souring economic mood comes at a time when the US economy has shown early signs of slowing, but also of stubbornly elevated inflation — a toxic combination sometimes referred to as stagflation. Bryan Mena, CNN, 7 Mar. 2025 See All Example Sentences for stagflation

Word History

Etymology

blend of stagnation and inflation

First Known Use

1965, in the meaning defined above

Time Traveler
The first known use of stagflation was in 1965

Browse Nearby Words

Podcast

Cite this Entry

“Stagflation.” Merriam-Webster.com Dictionary, Merriam-Webster, https://www.merriam-webster.com/dictionary/stagflation. Accessed 22 Mar. 2025.

More from Merriam-Webster on stagflation

Last Updated: - Updated example sentences
Love words? Need even more definitions?

Subscribe to America's largest dictionary and get thousands more definitions and advanced search—ad free!