"Deflationary" refers to a decrease in the general level of prices for goods and services in an economy over time. It means that the value of money increases, allowing you to buy more with the same amount of money.
In line with the improvement in economic conditions there has been some easing in deflationary pressures. (rba.gov.au)
For example, fixed - income securities, defensive stocks and blue - chip companies paying dividends can afford protection in deflationary environments. (canadianbusiness.com)
In deflationary environments, as the dollar becomes more valuable and the prices of assets collapse, investors can be slaughtered. (thebalance.com)