de ‧ fla ‧ tion /diːˈfleɪʃ ə n/ BrE AmE noun [uncountable] technical
[ Word Family: adjective : ↑ inflatable , ↑ inflated , ↑ inflationary , ↑ deflationary , ↑ reflationary ; noun : ↑ inflation , ↑ inflatable , ↑ deflation , ↑ reflation ; verb : ↑ inflate , ↑ deflate , ↑ reflate ]
a reduction in the amount of money in a country’s ↑ economy , so that prices fall or stop rising ⇨ inflation
—deflationary adjective :
the government’s deflationary policies