An overall decline in prices of goods and services, causing economic slowdown (abbreviation of 'deflation').
日本経済は長年デフレが続いている。
The Japanese economy has been experiencing deflation for many years.
デフレの影響で企業は価格を下げざるを得なかった。
Because of deflation, companies had no choice but to lower prices.
デフレとインフレの違いを教えてください。
Please explain the difference between deflation and inflation.