deflation
IPA: dɪfɫˈeɪʃʌn
noun
- An act or instance of deflating.
- (economics) A decrease in the general price level, that is, in the nominal cost of goods and services as well as wages.
- (economics, euphemistic) An economic contraction.
- (geology) The removal of soil and other loose material from the ground (or another surface) by wind, leaving it exposed to erosion.
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Examples of "deflation" in Sentences
- The world was gripped by deflation.
- Deflation started in the early 1990s.
- The gap was filled by deflation of consumer prices.
- Also, deflation isn't caused by the fall of prices of new items.
- Basically, tying currencies to the price of gold caused deflation.
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