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deflation

Pronunciation: /dɪˈfleɪʃ(ə)n/

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Definition of deflation

noun

[mass noun]

1the action or process of deflating or being deflated:the deflation of the illusion that the 1960s were a perpetual party

2 Economics reduction of the general level of prices in an economy: a time of high unemployment and deflation [count noun]:a long deflation lasted until about 1896

3 Geology the removal of particles of rock, sand, etc. by the wind.

Derivatives

deflationist

Origin:

late 19th century (in the sense 'release of air from something inflated'): from deflate; deflation (sense 3) via German from Latin deflat- 'blown away', from the verb deflare

deflation in other Oxford dictionaries

Definition of deflation in the US English dictionary

Nearby words

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