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English definition of “disinflation”

disinflation

noun [U] /ˌdɪsɪnˈfleɪʃən/ ECONOMICS
a situation in which a country's prices go down, or do not go up as quickly as before: He told clients that disinflation could result in one or two quarters of flat or even negative economic growth.
(Definition of disinflation noun from the Cambridge Business English Dictionary © Cambridge University Press)

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