deflationary

/dɪˈfleɪʃəˌnɛri/
adjective
  1. Relating to or causing a reduction in the general level of prices in an economy.
    • A deflationary spiral can be very damaging to an economy.
    • The central bank implemented deflationary policies to control rising prices.
    • Many economists warned that the new tax law would have deflationary effects.
  2. Tending to reduce confidence, enthusiasm, or pride; discouraging.
    • The constant criticism had a deflationary effect on his self-esteem.
    • The coach's deflationary comments made the players lose their motivation.
    • Her deflationary attitude brought down the mood of the whole group.
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