2009
Deflation is the general decline in the level of prices for goods and commodities. Prices might fall as a consequence of increased productivity and technological developments, despite the fact that deflation is often associated with a drop in the availability of money and credit.
Relative price changes can happen during an inflationary, stable, or deflationary time.
An inflation is an ongoing rise in product and service prices over time, while it is possible for prices to fluctuate throughout an inflationary era. Deflation happens when the inflation rate drops below 0%. Central banks work to keep inflation under control in order to prevent deflation and maintain the economy.
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