warflation en · NOUN
Pronunciation
- /wɔːˈfleɪ.ʃən/ (Received-Pronunciation)
- /wɔɹˈfleɪ.ʃən/ (General-American)
Etymology
Blend of war + inflation.
Meanings
-
(uncountable) Inflation caused by war.
Warflation refers to inflation caused or worsened by armed conflict, primarily via disruptions in energy markets, trade flows, production costs and risk premiums. Unlike classical demand-pull or cost-push inflation, warflation is deeply intertwined with geopolitical uncertainty and market panic behaviour.
2025 June 17, Dr. S. K. Prakash, “Warflation adds to woes of economy”, in Industrial Economist:The duo presented a comprehensive 75-slide defense of the Turkish economy, acknowledging that while the war will result in “limited warflation” and a wider current account deficit, the country possesses the fiscal space to absorb the shock.
2026 April 7, Atilla Yeşilada, “Ankara on High Alert: Energy Security Intact but “Warflation” Looming”, in P.A. Turkey, archived from the original on 14 Apr 2026:In other words: If Trump intended to start a war abroad to distract from problems at home, as some have proposed, he has instead made his domestic problems much worse. Trump’s “warflation” has just begun.
2026 March 6, Catherine Rampell, “Trump’s “Warflation” Has Just Begun”, in The Bulwark: