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Definition agflation in American English

agflation noun

noun

1

an increase in the price of agricultural food products caused by increased demand, especially as a result of the use of these products in alternative energy sources

Example

However, daily agro prices as per Bank of America Merrill Lynch shows agflation in early August has been quite under control so we are not expecting any sort of huge movement in terms of food inflation this time.

Definition agflation in American English