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stagflation
noun
stag·fla·tion ˌstag-ˈflā-shən 
: persistent inflation combined with stagnant consumer demand and relatively high unemployment
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.
Example Sentences
Recent Examples on the Web Last June, analysts from Swiss investment bank UBS warned that Europe was on a collision course for stagflation, citing surging inflation and record interest rate hikes by the European Central Bank. 
Tristan Bove, Fortune, 16 Sep. 2022 Those worked well for 40 years, until the next crisis, the stagflation crisis of the 1970s, which opened the door for the neoliberals to assert their arguments. Michael Tomasky, The New Republic, 6 Sep. 2022 Economists project stagflation as a high risk that would reflect on some of the largest economies in the world. Derek Gallimore, Forbes, 16 Aug. 2022 But when it's combined with already high inflation, something worse becomes possible: stagflation. Damon Linker, The Week, 29 Apr. 2022 Among the CFOs, 46% expect the economy to be in recession by next year, and another 39% expect a period of stagflation. Alan Murray, Fortune, 29 Aug. 2022 Inflation remains near a 40-year high and GDP has slowed, raising the specter of stagflation, a damaging combination of high prices and anemic growth. Max Zahn, ABC News, 26 Aug. 2022 Weighing these considerations, the most likely outcome is a return to a world of stagflation — albeit a bout that is less severe and protracted than in the 1970s. Nick Sargen, Forbes, 3 Aug. 2022 That in turn could hold consumer pessimism in check, keeping fear of stagflation from becoming a self-fulfilling prophecy. Bernhard Warner, Fortune, 2 Aug. 2022 See More
Tristan Bove, Fortune, 16 Sep. 2022 Those worked well for 40 years, until the next crisis, the stagflation crisis of the 1970s, which opened the door for the neoliberals to assert their arguments. Michael Tomasky, The New Republic, 6 Sep. 2022 Economists project stagflation as a high risk that would reflect on some of the largest economies in the world. Derek Gallimore, Forbes, 16 Aug. 2022 But when it's combined with already high inflation, something worse becomes possible: stagflation. Damon Linker, The Week, 29 Apr. 2022 Among the CFOs, 46% expect the economy to be in recession by next year, and another 39% expect a period of stagflation. Alan Murray, Fortune, 29 Aug. 2022 Inflation remains near a 40-year high and GDP has slowed, raising the specter of stagflation, a damaging combination of high prices and anemic growth. Max Zahn, ABC News, 26 Aug. 2022 Weighing these considerations, the most likely outcome is a return to a world of stagflation — albeit a bout that is less severe and protracted than in the 1970s. Nick Sargen, Forbes, 3 Aug. 2022 That in turn could hold consumer pessimism in check, keeping fear of stagflation from becoming a self-fulfilling prophecy. Bernhard Warner, Fortune, 2 Aug. 2022 See More 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 👨🏻🏫 Mr. Ng 韋氏詞典 📚 – mw.mister5️⃣.net
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