currency deflation
noun[U]
ukusECONOMICS
asituationin which lessmoneybecomesavailablewithout adropinproduction,causingpricestofall,productiontoslowdown, andpeopletolosetheirjobs:
Withoutproperhonestcontrols,societysufferscontinualcurrencydeflationandinflation.
See also
currency inflation
deflation
price deflation