price deflation Meaning in the Cambridge English Dictionary
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Meaning of “price deflation” in the English Dictionary

"price deflation" in Business English

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price deflationnoun [U or C]

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ECONOMICS a ​reduction in ​prices in the ​economy as a whole, or for particular ​goods or ​services: The ​grocerychainreported that it is ​feeling the ​effects of ​pricedeflation. The ​clothingmarket has seen a ​pricedeflation of 2 to 3% a ​year.
(Definition of price deflation from the Cambridge Business English Dictionary © Cambridge University Press)
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