What does deflation mean?
A decrease in the general price level of goods and services in an economy over time, resulting in an increase in the purchasing power of money. A decrease in the value of something, such as a currency or a stock.
Example
"The economy experienced a period of deflation after the financial crisis, leading to increased savings and reduced spending."
Reviewed by Deb Chak, Editor. AI-assisted content curated by RJS Tech Solutions LLP.