Top definition
(n.) A period characterized by high inflation and stagnated economic growth. Ability to use this word in a sentence inevitably labels you an economist, and therefore a nerd.
"... and this decade unfortunately showed us a period of stagflation ..."
"NERD!!"
by The Snailfather November 01, 2005
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2
The state of being economically fucked.

Unemployment is high, and so is inflation. Increasing economic production will reduce unemployment, BUT push inflation even higher. Reducing economic production will reduce inflation, but put more people out of work.
What am I supposed to do about this stagflation?

I dunno. Damned if you do, damned if you don't, really.
by terriflick November 02, 2010
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3
An economic environment of low, near-zero inflation.
Wow, unemployment isn't necessarily high and I inflation is super low; I would describe this as an example of stagflation.
by jferbet69 November 30, 2016
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