Et fald i det generelle prisniveau, hvilket øger pengenes købekraft.
Deflation er det modsatte af inflation og betyder, at priserne falder over tid. Dette kan øge købekraften, men kan også skade økonomien, hvis det fører til lavere investeringer og øget arbejdsløshed.
Deflation kan føre til lav økonomisk vækst.
Kan give lavere lønninger og højere gældsbyrde.
Centralbanker forsøger at modvirke deflation ved at sænke renterne.
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