Deflationary (adjective)

1. Relating to or characterized by a decrease in the general price level of goods and services.
2. Relating to or characterized by a decrease in the amount of money in circulation.

Origin:

From deflation + -ary.

Examples:

1. The government's policies had a deflationary effect on the economy.
2. The deflationary spiral led to a decrease in consumer spending and a rise in unemployment.
3. The central bank's efforts to combat deflation have been unsuccessful so far.
4. The deflationary trend was caused by a decrease in demand for goods and services.
5. The deflationary pressures led to a decrease in interest rates.