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deflation

Pronunciation: /dɪˈfleɪʃən/

The English word “deflation” has 4 meanings listed here.

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.

Etymology

From deflate + -ion.

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Definitions are from Wiktionary, extracted by Kaikki.org, and are available under the CC BY-SA 4.0 licence.