deflation

Pronunciation

• IPA ^(key): /dɪˈfleɪʃən/

• Audio (UK)

  (file)

Noun

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.