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deflation in WordNet English dictionary
noun- the act of letting the air out of something
deflation
- a contraction of economic activity resulting in a decline of prices
deflation
- (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"
deflation
WordNet Lexical Database v3.0, © 2006 Princeton University
deflation in English Wiktionary
- (noun) (economics) A decrease in the general price level, that is, in the nominal cost of goods and services as well as wages.
- (noun) (rfv-sense) (economics) A contraction in the volume of money and credit relative to available goods.
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