From Longman Dictionary of Contemporary Englishlevel off/out phrasal verb1 FLATto stop going up or down and continue at the same height After climbing steeply, the path levelled off. The plane levelled out at 30,000 feet.2 to stop rising or falling and become steady Inflation has begun to level off.3 level something ↔ off/outFLAT to make something flat and smooth → level→ See Verb table
Examples from the Corpus
level off/out• After climbing steeply through woodland the lane levelled off.• One economist suggests that the numbers might increase further before they level off.• The shares were floated on the Stock Market in 1987 at an equivalent 45p and yesterday managed to level out at 260p.• We anticipate that complaints will level off at approximately 950 a year.• In the mid nineties the rate of new infections began to level off in some heavily saturated nations.• Finally, studies have shown fitness improvement levels off once you are easily able to exercise for 30 minutes.• Barcelona imported most of her meat and wheat, and imports levelled out prices.• As the floor levelled off the lights flickered and came up, the engine noise settling down to a steady background roar.• Where the path levels out you will find an old cottage.From Longman Business Dictionarylevel off/out phrasal verb [intransitive] to stop increasing or growing and become steady or continue at a fixed levelLower mortgage rates should help the market to level out.Short-term interest rates will level off later this year. → level→ See Verb table 