The word "inflationary" is correct and can be used in written English.
It is commonly used to describe economic conditions or policies that cause an increase in the general price level of goods and services in an economy. Example: The government's decision to increase minimum wages may have an inflationary effect on the overall economy.
Consider: when the oil price doubled in the 1970s it was both deflationary, in that it removed purchasing power from consumers, and inflationary, in that it pushed prices up.
In this case it was Denis Healey, the chancellor from 1974 to 1979, who, in addition to grappling with the inflationary consequences of the quintupling of oil prices in 1973-74, also had to deal with the demands of powerful trade unions and unhelpful policy suggestions from the Liberals.
King, who did more than any other British official to promulgate the adoption of "inflation-targeting", made an impassioned plea last week for its preservation, including, in his speech in Belfast, a history of all those inflationary problems of the 1970s, and the long struggle to bring inflation down to tolerable rates.
She set great store by "sound money" – that the currency should hold its value through restraining inflationary credit creation and giving priority to productive investment.
Weale and McCafferty remained concerned about the longer-term inflationary outlook, but, "noted the risk that low inflation might persist for longer than the temporary factors implied and concluded that this risk would be increased by an increase in Bank Rate at the current juncture".
So the short-run Phillips curve was conditioned on agents' inflationary expectations.
Rather than the usual Conservative remedy of inducing a depression to push down on wages and prices, he tried the then new conventional wisdom of direct legislation to make inflationary wage and price rises a crime.
If these trends continue, rural wage growth can continue to decelerate, further moderating inflationary pressures".
Then again almost every economist said some form of carbon price was the best way to reduce greenhouse emissions and that was blown away by rhetoric claiming that a price with an inflationary impact of less than half a per cent was a toxic wrecking ball that would destroy jobs, strike like a cobra and usher in an era of $100 lamb roasts.
In fact only 8% of this hugely increased bank lending went into productive investment; most of the rest went into inflationary housing and credit bubbles.
William Jennings Bryan, the spell-binding western orator who advocated inflationary "free silver" (don't ask) to break the power of Wall St bankers, was Democrat candidate for president three times between 1896-1908, but lost three times: a divisive Marmite politician almost before Marmite.
