inflation rate
Pronunciation
Noun
B2 Upper-intermediate
Quick answer
The percentage by which the general level of prices rises over a given period of time.
Test yourself
Which word fits the gap? "The central bank raised interest rates to try to bring down the _____."
Answer: inflation rate
In your own words, what does "inflation rate" mean?
The percentage by which the general level of prices rises over a given period of time.
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