"Reflation" refers to the deliberate policies by governments or central banks to increase the prices of goods and services in an economy. This is typically done to counter deflation (falling prices) and stimulate economic growth. It involves injecting money into the economy through measures like reducing interest rates, increasing government spending, or engaging in quantitative easing. The aim of reflation is to encourage consumer spending, boost investment, and restore economic activity by raising prices and preventing a harmful downward spiral in the economy.