Main Entry:

de·fla·tion

Pronunciation:

\di-ˈflā-shən, ˌdē-\

Function:

noun

Date:

1891

1 : an act or instance of deflating : the state of being deflated 2 : a contraction in the volume of available money or credit that results in a general decline in prices 3 : the erosion of soil by the wind

— de·fla·tion·ary \-shə-ˌner-ē\ adjective