disinflation

[dis-in-fley-shuhn]
noun Economics.
a period or process of slowing the rate of inflation.

Origin:
1875–80; dis-1 + inflation

disinflationary, adjective
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World English Dictionary
disinflation (ˌdɪsɪnˈfleɪʃən)
 
n
economics Compare deflation a reduction or stabilization of the general price level intended to improve the balance of payments without incurring reductions in output, employment, and investment

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Example sentences
On that basis, the disinflation over the past six years will not have been all
  that impressive.
To the extent that this helps contain global disinflation, it is helpful.
Now, if you operate an economy below trend for long periods of time,
  disinflation is sure to become a problem.
So far, inflation targeting has locked in low inflation rather than brought
  about major disinflation.
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