deflation

noun de·fla·tion \di-ˈflā-shən, ˌdē-\

: a decrease in the amount of available money or credit in an economy that causes prices to go down

: the act or process of letting air or gas out of (something)

Full Definition of DEFLATION

: an act or instance of deflating : the state of being deflated

: a contraction in the volume of available money or credit that results in a general decline in prices

: the erosion of soil by the wind

— de·fla·tion·ary \-shə-ˌner-ē\ adjective

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1891

Next Word in the Dictionary: deflationary gapPrevious Word in the Dictionary: deflateAll Words Near: deflation

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