disinflation
noun/ˌdɪsɪnˈfleɪʃən/
Frequency rank: #19,889 most common English word
Meaning
A reduction in the rate of inflation, where prices still rise but more slowly than before.

Example sentence
The central bank's new policy led to disinflation in the economy, slowing the rise in consumer prices.
Synonyms & related words
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