deflation
noun
[ dɪˈfleɪʃ(ə)n ]
• the action or process of deflating or being deflated.
• "the deflation of the illusion that the 1960s were a perpetual party"
• reduction of the general level of prices in an economy.
• "a time of high unemployment and deflation"
• the removal of particles of rock, sand, etc. by the wind.
Origin:
late 19th century (in the sense ‘release of air from something inflated’): from deflate; deflation (sense 3) via German from Latin deflat- ‘blown away’, from the verb deflare .
