Meaning of “currency deflation” in the English Dictionary

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"currency deflation" in Business English

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currency deflationnoun [ U ]

uk us

ECONOMICS a situation in which less money becomes available without a drop in production, causing prices to fall, production to slow down, and people to lose their jobs:

Without proper honest controls, society suffers continual currency deflation and inflation.

(Definition of “currency deflation” from the Cambridge Business English Dictionary © Cambridge University Press)