1. a general decrease in prices and increase in the purchasing value of money
Usage: economics
2. the act of letting air or gas out of something inflated
3. a feeling of sadness or disappointment after excitement

Examples

• The country experienced severe deflation during the economic crisis.
• Economists worry that deflation could lead to a recession.
• The deflation of the balloon was caused by a small hole.
• She felt the deflation of her tire while driving.
• After winning the championship, there was a sense of deflation when the celebration ended.
• The deflation he felt after graduation was unexpected.
• Deflation can make debts harder to pay off over time.