IPA: /stæɡˈfleɪʃənˌɛri/
KK: /stægˈfleɪʃənˌɛri/
Describing a situation or policy that leads to a combination of stagnant economic growth and high inflation.
The government's stagflationary policies have caused concern among economists.
Stagflationary → It is formed from "stagflation" (a blend of "stagnation" and "inflation") and the suffix "-ary" (meaning pertaining to). The term "stagflationary" refers to conditions related to stagnation and inflation in the economy.
Think of 'stagflation' as a combination of 'stagnation' (no growth) and 'inflation' (rising prices), and remember that '-ary' means pertaining to. This helps you understand that 'stagflationary' describes a situation related to both stagnant economic growth and inflation.