Deflation is a term that many people are familiar with, but few truly understand. While inflation is often talked about, deflation is a topic that doesn’t receive as much attention. However, it is just as important to understand because it can have significant impacts on our economy and daily lives.
Deflation is the opposite of inflation, where prices for goods and services decrease over time instead of increasing. This might sound like a good thing, but deflation can have serious consequences for the economy. In this blog post, we will dive into what deflation is, how it can occur, and its potential impacts.
Reading time: 12 min
