Disinflation
Definition
A slowdown in the rate of inflation. Prices can still be rising, but more slowly; this differs from deflation, when the general price level falls.
Canada
Why can prices keep rising while inflation falls?
If Canada’s inflation rate slows from 5% to 2%, the overall price level is still rising. A basket that cost $100 before those two years would cost $105 after the first year and $107.10 after the second.
Statistics Canada CPI guide