Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. During deflation, the purchasing power of currency rises over time. When the supply of money and credit falls, without a corresponding decrease in economic output, then the prices of all goods tend to fall.
경제 전반적으로 상품,서비스 가격이 지속적으로 하락하는 현상 vs 인플레이션
Deflation is a general decline in prices for goods and services, typically associated with a contraction in the supply of money and credit in the economy. During deflation, the purchasing power of currency rises over time. When the supply of money and credit falls, without a corresponding decrease in economic output, then the prices of all goods tend to fall.