1. noun
A general decrease in prices over time.
A sustained fall in the general level of prices.
2. Noun
a contraction of economic activity resulting in a decline of prices
Vocabulary classified under Business and finance
3. Noun
(geology) the erosion of soil as a consequence of sand and dust and loose rocks being removed by the wind; "a constant deflation of the desert landscape"
Vocabulary classified under Nature and environment
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