DEFLATION


Meaning of DEFLATION in English

Contraction in the volume of available money or credit that results in a general decline in prices.

A less extreme condition is known as disinflation. Attempts are sometimes made to bring on deflation (through raising interest rates and tightening the money supply ) in order to combat inflation and slow the economy. Deflation is characteristic of depression s and recession s.

Britannica English dictionary.      Английский словарь Британика.