Deflation

Definition

  • An actual decline in the general level of prices in the economy.

Synonyms
comedown, descent, fall, decline

Related Terms and Acronyms

  • Commerce Definition,
    • The systems and activities that impact business and trade within a nation and abroad.
  • Depreciation Definition,
    • The gradual loss of value of a building or other property because of age or natural wear.
  • Depression Definition,
    • A prolonged downturn in the economy and level of business activity.
  • Macroeconomics Definition,
    • A study of the economy as a whole, particularly the interaction of its various components.
  • Microeconomics Definition,
    • Looking at the individual parts of the economy, with emphasis given to the market process and how it works.
  • Monetary Policy Definition,
    • The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.
Compare. Calculate. Apply today.
Compare Mortgage RatesMortgage CalculatorsApply for a Mortgage