Disinflation is a reduction in the rate of inflation, especially as a result of government policies.
disinflation in British English
(ˌdɪsɪnˈfleɪʃən)
noun
economics
a reduction or stabilization of the general price level intended to improve the balance of payments without incurring reductions in output, employment, and investment
Compare deflation (sense 2)
disinflation in American English
(ˌdɪsɪnˈfleɪʃən)
noun
a slowing of an inflationary trend in the general level of prices by means of fiscal or monetary policy; reduction of the rate of inflation