noun a portmanteau of 'agriculture' and 'inflation', referring to the increase in the prices of agricultural products
Agflation is a term used in economics to refer to the phenomenon of rising agricultural prices, which can lead to inflation in the overall economy.
In the field of agriculture, agflation is a key concern for farmers and policymakers as it can impact food prices, farm incomes, and food security.
Agflation can have significant implications for food security, as rising agricultural prices can make food less affordable and accessible for vulnerable populations.
Agflation is closely monitored in commodity markets, as fluctuations in agricultural prices can affect trading strategies and investment decisions.
Agflation is often used by writers who cover economic topics to describe the phenomenon of rising agricultural prices and its impact on the economy.
Economists use the term agflation to analyze the inflationary pressures caused by rising agricultural prices and its implications for overall price levels.
Financial analysts may use agflation to assess the impact of agricultural price movements on specific industries or investment opportunities.
Policy analysts may consider agflation when evaluating the effects of agricultural policies on food prices and overall economic stability.