Word family noun inflation inflatable deflation reflation adjective inflatable inflated inflationary deflationary reflationary verb inflate deflate reflate
From Longman Business Dictionaryreflatere‧flate /riːˈfleɪt/ verb [intransitive, transitive] ECONOMICS if a government reflates the economy, it increases government spending, reduces interest rates etc in order to increase demand and encourage economic activitymeasures to reflate the economyThe Chancellor was unwilling to reflate, fearing inflation. → compare deflate —reflation noun [uncountable]Governments can play a positive role in stimulating demand through reflation of the economy. —reflationary adjectivereflationary measures 