DEFLATION

deflation

(noun) the act of letting the air out of something

deflation

(noun) a contraction of economic activity resulting in a decline of prices

deflation

(noun) (geology) the erosion of soil as a consequence of sand and dust and loose rocks being removed by the wind; “a constant deflation of the desert landscape”

Source: WordNet® 3.1

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Etymology

Noun

deflation (countable and uncountable, plural deflations)

An act or instance of deflating.

(economics) A decrease in the general price level, that is, in the nominal cost of goods and services as well as wages.

(economics, euphemistic) An economic contraction.

Synonyms

• (decrease in price level): disinflation

• (economic contraction): impoverishment

Antonyms

• inflation

Anagrams

• defoliant

Source: Wiktionary

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