Inflationary pressures refer to the situation where there is an increase in the prices of goods and services. Some synonyms for inflationary pressures include rising costs, price hikes, inflation, escalating prices, surging prices, higher costs, cost increases, cost upsurge, skyrocketing prices, soaring costs, and price surges. Inflationary pressures can be caused by many factors, such as the increase in the supply of money, higher demand for goods and services, or higher production costs. Whatever the cause, inflationary pressures can be a major cause for concern as they can lead to a loss of purchasing power, high debt levels, and decreased economic growth.