What does the word inflation mean?

Usage examples for inflation

  1. Recent students agree, in the main, that his prophecies were fulfilled; and a common estimate of the probable increase in the cost of the war through the use of paper money and the consequent inflation of prices is $ 600, 000, 000. There was much more financial legislation in 1862; but Chase continued to stand aside and allow Congress the lead in establishing an excise law, an increase in the income tax, and a higher tariff- the last of which was necessitated by the excise law which has been described as a bill " that taxed everything." – Abraham Lincoln and the Union A Chronicle of the Embattled North, Volume 29 In The Chronicles Of America Series by Nathaniel W. Stephenson