noun
a portmanteau of 'agriculture' and 'inflation', referring to the increase in the prices of agricultural products
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The rise in food prices due to increased demand and supply chain disruptions led to agflation in the agricultural sector.
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Hey, have you noticed how expensive groceries have become? It's all because of agflation in the farming industry.
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Man, these farmers are really feeling the pinch with all this agflation going on.
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Just like a balloon slowly inflating, agflation is causing prices to rise steadily in the agricultural market.