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Fomoflation
October 17 , 2025
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- Fomoflation refers to inflation driven by fear of missing out, where consumer psychology and supply pressures lead to sudden price increases.
- The term was formed by combining "fear of missing out" and "inflation".
- It described situations where prices rose faster than economic conditions warranted.
- In 2025, an increase in visa fees triggered panic among international travellers, causing a surge in last-minute flight bookings.
- This sudden demand pushed the ticket prices more than double the usual fare.
- In 2022, fuel shortages triggered by economic distress led to panic buying, which further increased fuel prices.
- Similar fear-driven behaviour was observed in essential goods like pulses and cooking oil, where perceived scarcity led to hoarding and price spikes.
- Unlike typical inflation caused by macroeconomic factors, fomoflation was rooted in consumer reactions, media influence, and demand anticipation.
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