deflation
/dɪˈfleɪʃən/
noun
- A reduction in the general level of prices in an economy, often associated with a decrease in the supply of money or credit.
- During deflation, consumers often delay purchases because they expect prices to fall further.
- The country experienced a period of deflation after the financial crisis.
- Economists worry that deflation can lead to a slowdown in economic growth.
- The act or process of letting air or gas out of something that is inflated.
- The deflation of the hot air balloon took only a few minutes after landing.
- The slow deflation of the tire caused the car to handle poorly.
- Proper deflation of the inflatable raft is important for safe storage.
- A feeling of losing confidence, pride, or enthusiasm; discouragement.
- His deflation at the rejection was visible on his face.
- There was a sense of deflation in the room when the announcement was made.
- The team's deflation was obvious after their star player got injured.
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