verb
-flates; -flated; -flating
[+ obj] :to release air or gas from (something, such as a tire or balloon) and make it smaller
[no obj] :to lose air or gas from inside
[+ obj] to make (someone) lose confidence or pride
to show that (something) is not important or true
[+ obj] :to cause (prices, costs, etc.) to decrease :to cause (something, such as money or real estate) to lose value
US