noun

deflation

deflation

The country is experiencing a period of deflation.

The country is experiencing a period of deflation.

Deflation can lead to a decrease in production.

Deflation can lead to a decrease in production.

a period of deflation The economy entered a period of deflation.

Synonyms: contraction, depression; Antonyms: inflation

From the verb 'deflate'. 'de-' (down) + '-flation' (a blowing, from Latin 'flare'). A 'blowing down' of prices.

It's the opposite of 'inflation'. Think of prices being 'de'-creased or going down.

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