The story
Coined by journalists Tracy Alloway and Joe Weisenthal in 2023 (see quotations below). Blend of excuse + inflation.
Etymology from Wiktionary, CC BY-SA 4.0.
excuseflation
Today it means: The raising of the price of a good or service in the wake of an economic, political, or other social change that serves as a justification for the rise. Full definition →