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Deflation

noun

Definitions

Noun
  1. 1
    An act or instance of deflating. countable, uncountable

    "The loss caused utter deflation and disappointment among the fans."

  2. 2
    the act of letting the air out of something wordnet
  3. 3
    A decrease in the general price level, that is, in the nominal cost of goods and services as well as wages. countable, uncountable
  4. 4
    a contraction of economic activity resulting in a decline of prices wordnet
  5. 5
    An economic contraction. countable, euphemistic, uncountable

    "Beyond that, there is the hope that deflation of the US economy which the administration has in mind will, overtime; stem the import flood."

Show 2 more definitions
  1. 6
    (geology) the erosion of soil as a consequence of sand and dust and loose rocks being removed by the wind wordnet
  2. 7
    The removal of soil and other loose material from the ground (or another surface) by wind, leaving it exposed to erosion. countable, uncountable

Etymology

From deflate + -ion.

See also for "deflation"

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