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English definition of “deflate”


verb [I or T]     /dɪˈfleɪt/
ECONOMICS when an economy deflates or is deflated, prices fall and there is a reduction in wages and government spending , and low levels of growth : The chancellor will have to keep rates high and deflate the economy to keep the lid on prices and finance the trade deficit . The fear is that economies fueled by aid dollars will deflate after international agencies leave .
to reduce the value or price of something, or to become less valuable or expensive : Some people are angry , arguing that the state has artificially deflated housing values in the area . Over the past ten years , telecom prices have deflated by 50% while levels of competition have never been more intense .
→ Compare inflate, reflate
(Definition of deflate verb from the Cambridge Business English Dictionary © Cambridge University Press)
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