(I’m American) Inflation is the rising cost of goods and services. Inflation constantly goes up by varying degrees. When economists say “inflation is decreasing”, that just means that the rate of inflation has slowed, not that inflation reversed.
If inflation is causing money to be less valuable over time, why would it be bad to have deflation? Would that not make my money more valuable? I’ve been told it would be very bad, but not in a way that I understand
In: Economics
In addition to what everyone has said, sure goods may become cheaper, but debt that you carry becomes more expensive and harder to pay off. Given the amount of consumer debt carried by the average American, this would be a nightmare.
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