Deflation - definition, pronunciation, transcription
Amer.
|ˌdiːˈfleɪʃn|
Brit.
|dɪˈfleɪʃ(ə)n|
noun
- (geology) the erosion of soil as a consequence of sand and dust and loose rocks being removed by the wind
- the act of letting the air out of something
a constant deflation of the desert landscape
- a contraction of economic activity resulting in a decline of prices- the act of letting the air out of something
Extra examples
Economists worry that deflation will bring the country into recession.
Disinflation is not to be confused with deflation, where prices actually drop.
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