IPA: /rɪˈfleɪʃən/
KK: /rɪˈfleɪʃən/
The process of increasing prices or economic activity after a period of decline, often through government actions.
The government's reflation policy aimed to boost the economy after the recession.
Reflation is formed from "re-" (meaning again) and "flatio" (from Latin, meaning to blow or inflate). The word refers to the act of inflating something again, particularly in an economic context where it describes the process of increasing the money supply to stimulate the economy.
Think of 'inflating again' — 're-' means again, and 'flatio' relates to blowing or inflating. This helps you remember that reflation is about increasing something that has been deflated.