stagflation, n.
Etymology: Blend of stag- (in stagnation n.) and -flation (in inflation n.): compare slumpflation n.
Econ.
A state of the economy in which stagnant demand is accompanied by severe inflation.
1965 I. Macleod Hansard Commons 17 Nov. 1165/1
We now have the worst of both worlds—not just inflation on the one side or stagnation on the other, but both of them together. We have a sort of ‘stagflation’ situation.
1971 R. Boyson Down with Poor 5
The result of all this extra state interference..has been..what might be called rampant stagflation, that is to say stagnation in production and raging inflation which..destroys belief in the future.
1974 W. Rees-Mogg Reigning Error iv. 75
So-called stagflation and slumpflation are the inevitable reflection of the progressive divergence between a rising nominal and a falling real supply of money.
1976 F. Zweig New Acquisitive Society ii. xi. 137
Even recession, stagnation, ‘stag-flation’ or steeply rising unemployment do not rule out wage explosions.
1979 N.Y. Rev. Bks. 25 Oct. 44/2
Stagflation ate away at prosperity. In 1975 industrial production fell.
1965—1979(Hide quotations)