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deflation noun

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

deflate verb

  /diːˈfleɪt/ , /dɪˈfleɪt/
  • (transitive) To cause an object to decrease or become smaller in some parameter, e.g. to shrink
 exanimō
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