deflation
- (countable, uncountable) An act or instance of deflating.
- (countable, uncountable) A decrease in the general price level, that is, in the nominal cost of goods and services as well as wages.
- (countable, euphemistic, uncountable) An economic contraction.
- (countable, uncountable) The removal of soil and other loose material from the ground (or another surface) by wind, leaving it exposed to erosion.
Opposite of
inflation
Pronounced as (IPA)
/dɪˈfleɪʃən/
Etymology
From deflate + -ion.
disparagment
currency deflation
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