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The phrase "accelerating inflation" is correct and usable in written English.
It can be used when discussing economic conditions where the rate of inflation is increasing over time.
Example: "The central bank is concerned about the effects of accelerating inflation on consumer purchasing power."
Alternatives: "rising inflation" or "increasing inflation rate."
Exact(51)
Higher oil prices could lead to accelerating inflation.
Should demand growth keep rising accelerating inflation could result.
Countries with positive output gaps produce beyond their potential and tend to have accelerating inflation.
The specter of rising energy costs and accelerating inflation in turn unsettled investors.
This does say that there is little risk of accelerating inflation.
And as higher prices became built into expectations, wage demands rose, and accelerating inflation resulted.
But the 1970s saw simultaneous accelerating inflation and unemployment, dubbed stagflation.
Similar(4)
The notion that there is a "non-accelerating-inflation rate of unemployment", or NAIRU, became a touchstone of free-market economic policies around the world.
Why is it called the non-accelerating inflation rate?
Economists call this threshold the Non-Accelerating Inflation Rate of Unemployment, or "NAIRU," for short.
That means the "non-accelerating inflation rate of unemployment", or the Nairu, may have risen.
More suggestions(15)
accelerating pressure
accelerating alignment
accelerating target
accelerating price
accelerating employment
initiating inflation
accelerating gdp
accelerating growth
accelerating policy
quickening inflation
accelerating expansion
strengthening inflation
escalating inflation
accelerating prices
accelerate inflation
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com