IPA: /dɪˈfleɪtə/
KK: /dɪˈfleɪtər/
A device or factor used to reduce or counteract inflation in economic statistics.
The economist used a deflator to adjust the figures for inflation in the report.
Deflator → It is formed from "de-" (meaning down or away) and "flare" (from Latin "flāre", meaning to blow or inflate). The word "deflator" refers to something that reduces or decreases inflation, essentially blowing down or away the inflated value.
Think of 'blowing down' ('de-') something that is inflated ('flare') — that's why a deflator reduces inflation.