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Definition of 'deflation'


  1. (geology) the erosion of soil as a consequence of sand and dust and loose rocks being removed by the wind; "a constant deflation of the desert landscape"
  2. a contraction of economic activity resulting in a decline of prices
       Antonyms: inflation rising prices disinflation
  3. the act of letting the air out of something
       Antonyms: inflation

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