Pronunciations (2)
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/wɔːˈfleɪ.ʃən/
Pronunciation notes
- Received-Pronunciation
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/wɔɹˈfleɪ.ʃən/
Pronunciation notes
- General-American
Noun
Inflation caused by war.
Usage- Uncountable
- Examples
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More examples (3)
Warflation refers to inflation caused or worsened by armed conflict, primarily via disruptions in energy markets, trade flows, production costs and risk premiums. Unlike classical demand-pull or cost-push inflation, warflation is deeply intertwined with geopolitical uncertainty and market panic behaviour.
In other words: If Trump intended to start a war abroad to distract from problems at home, as some have proposed, he has instead made his domestic problems much worse. Trump’s “warflation” has just begun.
The duo presented a comprehensive 75-slide defense of the Turkish economy, acknowledging that while the war will result in “limited warflation” and a wider current account deficit, the country possesses the fiscal space to absorb the shock.