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
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