Definition

A situation in which the economy is experiencing both a decline in growth and an increase in prices.

Example

The country is facing slumpflation, with high inflation rates and a shrinking economy.

Conversation

Have you heard about the new term, slumpflation?

Yeah, it sounds pretty concerning, doesn't it?

I know, it combines inflation with economic decline, which is really tough.

Definitely, I hope things improve soon.

Synonyms & Antonyms

Root Explanation

Slumpflation is a portmanteau formed from 'slump' (originating from the early 19th century, meaning a sudden fall or decline) and 'inflation' (from Latin 'inflatio', meaning to blow up or swell). The term describes an economic situation characterized by stagnant growth and inflation occurring simultaneously.

Memory Tip

Think of a sudden 'fall' ('slump') in the economy while prices are 'swelling' ('inflation') — that's what slumpflation means.

Visually Confused Words