deflationde‧fla‧tion /diːˈfleɪʃən/ noun [uncountable] technical 
 
- Governments responded to the profits squeeze and loss of competitiveness by deflation and incomes policies.
 - In fact, because of deflation, the wages of those working actually went up, in effect.
 - Obviously a process of balanced deflation would entail no alteration of the real wage rate.
 - Phases of weathering, drying and deflation would lead to a steady deepening of the hollow.
 - The authorities have been struggling to deal with the problems of debt deflation for just over 11 years now.
 - The nominal stock of money, M 1, is assumed to remain unchanged in the face of balanced deflation.
 
  NOUN► price· In the original neoclassical synthesis the practical relevance of a process of price deflation for establishing full employment was regarded as minimal.· Fierce price deflation, increased competition and rising costs have combined to depress profits.
  adjectiveinflatableinflatedinflationarydeflationaryreflationarynouninflationinflatabledeflationreflationverbinflatedeflatereflate