deflate
🇺🇸
/dɪˈfleɪt/
🇬🇧
/dɪˈfleɪt/
To let air or gas out so something gets smaller.
When you deflate a balloon, it shrinks.
To make someone feel less confident or important.
Criticism can deflate someone's confidence quickly.
To reduce how much money is used, making prices go down or stay the same.
Governments may deflate the economy to control inflation.