Answer: deflating

AnswerCrossword Clue
deflatingBring about a general reduction of price levels in (an economy)
deflatingDEFLATE, to release the air or gas from
deflatingReduce the level of (an emotion or feeling)
deflatingBe emptied of air or gas
deflatingCause (someone) to suddenly lose confidence or feel less important
deflatingLet air or gas out of (a tire, balloon, or similar object)