It seems like there might be a typo or misunderstanding, as "hoeflation" is not a recognized term in economics or any other field. If you meant "inflation," I can certainly provide information about that.
Inflation is the rate at which the general level of prices for goods and services rises, eroding purchasing power. Central banks attempt to limit inflation, and avoid deflation, in order to keep the economy running smoothly. There are several types of inflation, such as demand-pull inflation, cost-push inflation, and built-in inflation, each with different causes and effects.
If "hoeflation" refers to a different concept or a specific term you're curious about, please provide more details or clarify the term.
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