Meaning of the word "drive down" in English

What does "drive down" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

drive down

US /draɪv daʊn/
UK /draɪv daʊn/

Phrasal Verb

1.

to cause something to decrease or become lower

Example:
The new policies are expected to drive down inflation.
Competition will drive down prices.
2.

to travel by car to a lower place or a place further south

Example:
We decided to drive down to the beach for the weekend.
He had to drive down a steep hill to get to his house.