deflation

English dictionary entry

Meanings

noun
  1. An act or instance of deflating.
  2. A decrease in the general price level, that is, in the nominal cost of goods and services as well as wages.
  3. An economic contraction.
  4. The removal of soil and other loose material from the ground (or another surface) by wind, leaving it exposed to erosion.

Pronunciation

/dɪˈfleɪʃən/ LL-Q1860 (eng)-Vealhurl-deflation.wav

Word forms

deflation deflations

Etymology

From deflate + -ion.

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