the action or process of deflating or being deflated.
deflation of the illusion that the 1960s were a perpetual party
reduction of the general level of prices in an economy.
‘Growth (in Japan) has recently been constrained by persistent deflations and high levels of nonperforming loans that restrain bank lending,’ she said.
the removal of particles of rock, sand, etc., by the wind.
If the lake bed became completely dry, material could have been lost through wind erosion or deflation .