Verb
To reduce from an inflated condition.
Source: Webster's dictionaryHope can be imagined as a domino effect, a chain reaction, each increment making the next increase more feasible... There are moments of fear and doubt that can deflate it. Jerome Groopman
The national debt is totally unlike a family budget for about a gazillion reasons, not the least of which being that families cannot raise money by fiat or deflate the size of their debt unilaterally and that family members die instead of existing infinitely. Matt Taibbi
The balloons deflated Source: Internet
deflate the currency Source: Internet
The new measures deflated the economy Source: Internet
The bad review of his work deflated his self-confidence Source: Internet