Depends on your definition of inflation... >In economics, inflation (or less frequently, price inflation) is a general rise in the price level of an economy ov

Depends on your definition of inflation... >In economics, inflation (or less frequently, price inflation) is a general rise in the price level of an economy over a period of time. When the general price level rises, each unit of currency buys fewer goods and services; consequently, inflation reflects a reduction in the purchasing power per unit of money – a loss of real value in the medium of exchange and unit of account within the economy.