What is another word for deterioration of the purchasing value of money?
Pronunciation: [dɪtˌi͡əɹi͡əɹˈe͡ɪʃən ɒvðə pˈɜːt͡ʃɪsɪŋ vˈaljuː ɒv mˈʌnɪ] (IPA) 
One of the most common terms used to describe the deterioration of the purchasing value of money is inflation. Other synonyms for this term include price rise, cost escalation, devaluation, depreciation, downgrading, erosion, and debasement. These words have a negative connotation and are often used in economic forums and discussions about monetary policy. The effects of the deterioration of the purchasing value of money can be far-reaching, leading to higher prices for goods and services, lower purchasing power, and reduced economic growth. Inflation can be caused by a variety of factors, including an increase in the money supply, rising production costs, or global economic developments.
