de·fla·tion 
/dɪˈfleɪʃən/ noun
/dɪˈfleɪʃən/ noun [noncount] 1 : a decrease in the amount of available money or credit in an economy that causes prices to go down
▪ Economists worry that deflation will bring the country into recession. — compare inflation 2 : the act or process of letting air or gas out of (something)
▪ deflation of a balloon
▪ Economists worry that deflation will bring the country into recession. — compare inflation
▪ deflation of a balloon
— de·fla·tion·ary /dɪˈfleɪʃəˌneri, Brit dɪˈfleɪʃənri/ adjective [more deflationary; most deflationary]
▪ a deflationary period in the economy
/dɪˈfleɪʃəˌneri, Brit dɪˈfleɪʃənri/ adjective [more deflationary; most deflationary] ▪ a deflationary period in the economy
