Definition of deflationary adjective from the Oxford Advanced Learner's Dictionary

 

deflationary

 adjective
adjective
BrE BrE//ˌdiːˈfleɪʃənri//
 
; NAmE NAmE//ˌdiːˈfleɪʃəneri//
 
(economics)
 
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causing or affected by a reduction in the amount of money in a country's economy so that prices fall or remain the same deflationary policies opposite inflationary