Cost inflation is an economic phenomenon where the cost of goods and services increases over time. This can result in higher prices for consumers or reduced profits for businesses. Synonyms for cost inflation include price increases, cost hikes, inflationary pressures, rising costs, soaring expenses, and escalating prices. Factors that can contribute to cost inflation include supply chain disruptions, rising demand, and changes in government policies, such as tariffs or taxes. Antonyms for cost inflation include deflation, price decreases, cost reductions, and falling prices. It is important for businesses to monitor cost inflation to avoid negative impacts on their bottom line and for consumers to be aware of potential price increases in the products and services they use.