Definition
Deflation is a general decrease in prices across the economy over time.
Why It Matters
It can reduce spending and slow economic growth.
Example
Falling prices leading consumers to delay purchases.
Malone Global University
Malone Global University
Economics Glossary – Malone Global University
Deflation is a general decrease in prices across the economy over time.
It can reduce spending and slow economic growth.
Falling prices leading consumers to delay purchases.