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deflation

noun [U] (MONEY)
 
 
/dɪˈfleɪ.ʃən/

Definition

a reduction of the supply of money in an economy, and therefore a reduction of economic activity, that is often part of an intentional government plan to reduce prices → Compare inflation, reflation (reflate)Economics and the state of the economy a reduction in value: There has been a deflation in/of property values.Value and price decreases deflationary
 
 
/-ər.i/ US  /-er.i/ adjective
a deflationary budget/policyEconomics and the state of the economy
(Definition of deflation noun (MONEY) from the Cambridge Advanced Learner's Dictionary & Thesaurus © Cambridge University Press)

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