slumpflation

Related to slumpflation: stagflation, deflation

slumpflation

(slʌmpˈfleɪʃən)
n
(Economics) a situation in which economic depression is combined with increasing inflation
[C20: blend of slump + inflation]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
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This is yet another indicator that the nation's economy is indeed in a downward trend toward slumpflation, one of the worst forms of economic crisis, where the GDP logs below zero growth rates while inflation stays high.