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Glossary   >   I   >   "Inflation" Definition            Inflation The rate at which the general level of prices for goods and services is rising. The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling. The amount in percentage terms by which prices rise or fall year on year. In the UK, the primary measure of this is the Retail Price Index (RPI); the underlying rate of inflation is the RPI with mortgage repayment figures stripped out. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Inflation - The rate at which the general level of prices for goods and services is rising.

The rate at which the general level of prices for goods and services is rising, and subsequently, purchasing power is falling.

The amount in percentage terms by which prices rise or fall year on year. In the UK, the primary measure of this is the Retail Price Index (RPI); the underlying rate of inflation is the RPI with mortgage repayment figures stripped out.