Word:

deflation

n.1.the act or process of deflating.
2.a fall in the average prices of goods and services; - usually associated with contraction of economic activity. Opposite of inflation. Compare disinflation.
3.the reduction of available credit or a contraction of economic activity resulting from or associated with a decline of prices.
4.the act of letting the air out of something.
5.(Geol.) the erosion of land structures such as sand or soil due to the action of wind.
Noun1.deflation - (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.deflation - a contraction of economic activity resulting in a decline of prices
Antonyms:
disinflation - a reduction of prices intended to improve the balance of payments
inflation, rising prices - a general and progressive increase in prices; "in inflation everything gets more valuable except money"
3.deflation - the act of letting the air out of something
Antonyms:
inflation - the act of filling something with air
abasement, abatement, abridgment, alleviation, attenuation, break, breakdown, cave-in, cheapening, collapse, comedown, contraction, crash, cropper, cut, dampening, damping, debasement, decline, decrease, decrement, decrescence, deduction, depreciation, depression, descent, devaluation, diminishment, diminution, disgrace, dive, downfall, dump, dying, dying off, embarrassment, extenuation, fade-out, fall, hangdog look, humbled pride, humiliation, implosion, languishment, lessening, letdown, letup, lowering, markdown, miniaturization, mitigation, mortification, nose dive, plummet, plummeting, plunge, pratfall, price cut, price fall, price reduction, prostration, put-down, reduction, relaxation, sag, sagging, scaling down, self-abasement, self-abnegation, self-diminishment, setdown, shame, shamefacedness, shamefastness, simplicity, slash, slump, smash, stumble, subtraction, tailspin, tumble, weakening
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-- deflation --
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