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Deflation
01
the act of letting the air out of something
02
(economics) a decrease in the amount of money in an economy, resulting in falling or unchanged prices
03
(geology) the erosion of soil as a consequence of sand and dust and loose rocks being removed by the wind
deflation
n
deflate
v
defl
v
Example
The road debris punctured the tire, leading to a slow deflation as air leaked out.
In an attempt to combat deflation, the government implemented policies to inflate the economy.