From Longman Dictionary of Contemporary Englishstagflationstag‧fla‧tion /stæɡˈfleɪʃən/ noun [uncountable] PEan economic situation in which there is inflation (=a continuing rise in prices) but many people do not have jobs and businesses are not doing well
Examples from the Corpus
stagflation• Most of the downtown bread stores have been driven out of business by stagflation.• This will be difficult to do in a period of stagflation.From Longman Business Dictionarystagflationstag‧fla‧tion /stægˈfleɪʃən/ noun [uncountable]ECONOMICS an economic condition in which there is inflation but the economy is not growing, so many people do not have jobs and businesses are not doing well. This word is a combination of the words stagnation and inflationMost of the downtown stores have been driven out of business by stagflation.Origin stagflation (1900-2000) stagnation + inflation 