Meaning of “price deflation” in the English Dictionary

business-english dictionary

"price deflation" in Business English

See all translations

price deflationnoun [ U or C ]

uk us

ECONOMICS a reduction in prices in the economy as a whole, or for particular goods or services:

The clothing market has seen a price deflation of 2 to 3% a year.

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