2 definitions found From The Collaborative International Dictionary of English v.0.48 [gcide]: deflator \deflator\ n. a statistical factor designed to remove the effect of inflation; inflation adjusted variables are in constant dollars; as, the GNP deflator.. [WordNet 1.5] From WordNet (r) 2.0 [wn]: deflator n : a statistical factor designed to remove the effect of inflation; inflation adjusted variables are in constant dollars
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