A Deflation
<ol style="margin: 0px; padding: 0px 0px 0px 2.25em; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Lato, Helvetica, Arial, sans-serif; vertical-align: baseline; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; color: rgb(34, 34, 34);"><li style="margin: 0px 0px 10px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">An act or instance of <a href="https://en.m.wiktionary.org/wiki/deflate" title="deflate" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">deflating</a>.</li><li style="margin: 0px 0px 10px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><span class="ib-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">(</span><span class="ib-content" style="margin: 0px; padding: 0px; border: 0px; font-style: italic; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><a href="https://en.m.wiktionary.org/wiki/economics" title="economics" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">economics</a></span><span class="ib-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">)</span> A <a href="https://en.m.wiktionary.org/wiki/decrease" title="decrease" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">decrease</a> in the general price level, that is, in the <a href="https://en.m.wiktionary.org/wiki/nominal" title="nominal" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">nominal</a> <a href="https://en.m.wiktionary.org/wiki/cost" title="cost" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">cost</a> of <a href="https://en.m.wiktionary.org/wiki/goods" title="goods" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">goods</a> and <a href="https://en.m.wiktionary.org/wiki/services" title="services" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">services</a> as well as <a href="https://en.m.wiktionary.org/wiki/wages" title="wages" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">wages</a>.</li><li style="margin-top: 0px; margin-right: 0px; margin-bottom: inherit; margin-left: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><span class="ib-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">(</span><span class="ib-content" style="margin: 0px; padding: 0px; border: 0px; font-style: italic; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><a href="https://en.m.wiktionary.org/wiki/economics" title="economics" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">economics</a><span class="ib-comma" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">,</span> <a href="https://en.m.wiktionary.org/wiki/Appendix:Glossary#euphemism" title="Appendix:Glossary" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">euphemistic</a></span><span class="ib-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">)</span> An economic contraction. </li></ol><h4 class="in-block" style="margin: 0px; padding: 0.5em 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: 1.3; font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Lato, Helvetica, Arial, sans-serif; vertical-align: baseline; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; overflow-wrap: break-word; word-break: break-word; display: table; color: rgb(34, 34, 34);"><span class="mw-headline" id="Synonyms" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: middle; background: none; display: table-cell; width: 296px;">Synonyms</span><span class="mw-editsection" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: middle; background: none; display: table-cell;"><a href="https://en.m.wiktionary.org/w/index.php?title=deflation&action=edit&section=5" title="Edit section: Synonyms" data-section="5" class="mw-ui-icon mw-ui-icon-element mw-ui-icon-minerva-edit-enabled edit-page mw-ui-icon-flush-right" style="margin: 0px -0.75em 0px 0px; padding: 0.75em; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: 999px; font-family: inherit; font-size: initial; vertical-align: middle; background: none transparent; color: transparent; hyphens: none; position: relative; display: inline-block; width: 1.25em; height: 1.25em; flex-basis: 1.25em; overflow: hidden; -webkit-appearance: none; border-radius: 2px; transition: background-color 100ms ease 0s; box-sizing: content-box !important;">Edit</a></span></h4><ul style="margin: 0px; padding: 0px 0px 0px 1em; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Lato, Helvetica, Arial, sans-serif; vertical-align: baseline; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; list-style-position: initial; list-style-image: initial; color: rgb(34, 34, 34);"><li style="margin: 0px 0px 10px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><span class="ib-brac qualifier-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">(</span><span class="ib-content qualifier-content" style="margin: 0px; padding: 0px; border: 0px; font-style: italic; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">decrease in price level</span><span class="ib-brac qualifier-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">)</span><span class="ib-colon sense-qualifier-colon" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">:</span> <span class="Latn" lang="en" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><a href="https://en.m.wiktionary.org/wiki/disinflation#English" title="disinflation" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">disinflation</a></span></li><li style="margin-top: 0px; margin-right: 0px; margin-bottom: inherit; margin-left: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><span class="ib-brac qualifier-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">(</span><span class="ib-content qualifier-content" style="margin: 0px; padding: 0px; border: 0px; font-style: italic; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">economic contraction</span><span class="ib-brac qualifier-brac" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">)</span><span class="ib-colon sense-qualifier-colon" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;">:</span> <span class="Latn" lang="en" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><a href="https://en.m.wiktionary.org/wiki/impoverishment#English" title="impoverishment" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">impoverishment</a></span></li></ul><h4 class="in-block" style="margin: 0px; padding: 0.5em 0px; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: 1.3; font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Lato, Helvetica, Arial, sans-serif; vertical-align: baseline; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; overflow-wrap: break-word; word-break: break-word; display: table; color: rgb(34, 34, 34);"><span class="mw-headline" id="Antonyms" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: middle; background: none; display: table-cell; width: 296px;">Antonyms</span><span class="mw-editsection" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: middle; background: none; display: table-cell;"><a href="https://en.m.wiktionary.org/w/index.php?title=deflation&action=edit&section=6" title="Edit section: Antonyms" data-section="6" class="mw-ui-icon mw-ui-icon-element mw-ui-icon-minerva-edit-enabled edit-page mw-ui-icon-flush-right" style="margin: 0px -0.75em 0px 0px; padding: 0.75em; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: 999px; font-family: inherit; font-size: initial; vertical-align: middle; background: none transparent; color: transparent; hyphens: none; position: relative; display: inline-block; width: 1.25em; height: 1.25em; flex-basis: 1.25em; overflow: hidden; -webkit-appearance: none; border-radius: 2px; transition: background-color 100ms ease 0s; box-sizing: content-box !important;">Edit</a></span></h4><ul style="margin: 0px; padding: 0px 0px 0px 1em; border: 0px; font-variant-numeric: inherit; font-variant-east-asian: inherit; font-stretch: inherit; line-height: inherit; font-family: -apple-system, BlinkMacSystemFont, "Segoe UI", Roboto, Lato, Helvetica, Arial, sans-serif; vertical-align: baseline; background-image: none; background-position: initial; background-size: initial; background-repeat: initial; background-attachment: initial; background-origin: initial; background-clip: initial; list-style-position: initial; list-style-image: initial; color: rgb(34, 34, 34);"><li style="margin-top: 0px; margin-right: 0px; margin-bottom: inherit; margin-left: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><span class="Latn" lang="en" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none;"><a href="https://en.m.wiktionary.org/wiki/inflation#English" title="inflation" style="margin: 0px; padding: 0px; border: 0px; font-style: inherit; font-variant: inherit; font-weight: inherit; font-stretch: inherit; line-height: inherit; font-family: inherit; vertical-align: baseline; background: none; color: rgb(107, 75, 161); hyphens: none;">inflation</a></span></li></ul>