The word "inflationary" refers to a situation where prices for goods and services increase over time, resulting in a decrease in the purchasing power of money. Full definition
There has been a gradual increase in inflationary pressures during the past year. (rba.gov.au)
The worst historical periods for investment returns have tended to cluster around major economic events such as the Great Depression, the highly inflationary environment of the 1970s and more recently the Great Recession. (awealthofcommonsense.com)
If business was able to base its prices on replacement costs, margins would widen in inflationary periods. (valueinvesting.de)