Stagflation

n. period characterized by an increase in unemployment and a decrease in economic development and growth (combination of stagnation + inflation)

Stagflation, a portmanteau of the words stagnation and inflation, is a term in general use within modern macroeconomics used to describe a period of out-of-control price inflation combined with slow-to-no output growth, rising  unemployment, and eventually recession. The term stagflation is generally attributed to United Kingdom Chancellor of the Exchequer, Iain MacLeod in a speech to parliament in 1965. "Stag" is drawn from the first syllable of "stagnation", a reference to a sluggish economy, while "flation" is drawn from the second and third syllables of "inflation"--a reference to an upward spiral in consumer prices. Economists associate the presence of both factors as unit costs increase because fixed costs are spread over smaller output.
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Noun
1. a period of slow economic growth and high unemployment (stagnation) while prices rise (inflation)
(hypernym) inflation, rising prices

n. stagflation, period characterized by an increase in unemployment and a decrease in growth (combination of stagnation + deflation)

A period of slow economic growth and high unemployment with rising prices (inflation).