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deflation

From Wiktionary

Pronunciation

[change]

Noun

[change]

Singular
deflation

Plural
none

  1. (uncountable) (economics) Deflation is a general decrease in the price of goods and services.
    We don't expect any deflation, in housing prices.
  2. (uncountable) Deflation is the process of air leaving something, such as a balloon, and making it shrink.
    A hole in the tire caused its rapid deflation.