Definition of "deflation" in English

noun

1. An act or instance of deflating.

   • The loss caused utter deflation and disappointment among the fans.

2. (economics) A decrease in the general price level, that is, in the nominal cost of goods and services as well as wages.

3. (economics, euphemistic) An economic contraction.

4. (geology) The removal of soil and other loose material from the ground (or another surface) by wind, leaving it exposed to erosion.