Source : Webster's Revised Unabridged Dictionary (1913)

Inflate \In*flate"\, v. i.
   To expand; to fill; to distend.

Inflate \In*flate"\, p. a. [L. inflatus, p. p. of inflare to
   inflate; pref. in- in + flare to blow. See {Blow} to puff
   wind.]
   Blown in; inflated. --Chaucer.

Inflate \In*flate"\, v. t. [imp. & p. p. {Inflated}; p. pr. &
   vb. n. {Inflating}.]
   1. To swell or distend with air or gas; to dilate; to expand;
      to enlarge; as, to inflate a bladder; to inflate the
      lungs.

            When passion's tumults in the bosom rise, Inflate
            the features, and enrage the eyes.    --J. Scott of
                                                  Amwell.

   2. Fig.: To swell; to puff up; to elate; as, to inflate one
      with pride or vanity.

            Inflate themselves with some insane delight.
                                                  --Tennyson.

   3. To cause to become unduly expanded or increased; as, to
      inflate the currency.

Source : WordNet®

inflate
     v 1: fill with gas or air; "inflate a balloons" [syn: {blow up}]
          [ant: {deflate}]
     2: exaggerate or make bigger; "The charges were inflated" [syn:
         {blow up}, {expand}, {amplify}]
     3: cause prices to rise by increasing the available currency or
        credit; "The war inflated the economy" [ant: {deflate}]
     4: increase the amount or availability of, creating a rise in
        value; "inflate the currency" [ant: {deflate}]
     5: become inflated; "The sails ballooned" [syn: {balloon}, {billow}]

Source : Free On-Line Dictionary of Computing

inflate
     
        {deflate}