• Deflation

    Pronunciation

    • UK IPA: /dɪˈfleɪʃən/
    • Rhymes: -eɪʃən

    Origin

    deflate + -ion.

    Full definition of deflation

    Noun

    deflation

    (plural deflations)
    1. An act or instance of deflating.The loss caused utter deflation and disappointment among the fans.
    2. (economics) A decrease in the general price level, that is, in the nominal cost of goods and services as well as wages.
    3. (economics, euphemistic) An economic contraction.
      • 1969, March 13, Stans to seek foreign trade, Beyond that, there is the hope that deflation of the US economy which the administration has in mind will, overtime; stem the import flood.
      • 1976, October 11, Unions Hold Key To British Stability, It also must be acknowledged that Britain's problems won't be solved by an abrupt deflation of the economy.
      • 1978, June 3, Valley Pipe Dream Wrecked Economy, The great deflation of the northern economy occurred with the rupturing of the Mackenzie Valley pipe dream.

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