MLchartDataset catalogue

Deflation

Term · Economic statistics · MLC-T-ECS-000489

Falling prices for goods and services over time.

Note: When deflation occurs, the purchasing power of money increases. For example, if the inflation rate is -2 percent annually, then, theoretically, a $1 basket of apples will cost $0.98 in a year.

See also inflation.

Table 1. Record
IdentifierMLC-T-ECS-000489
FieldEconomic statistics
ReferencesBLS Glossary
See alsoInflation
Record as JSON 
{
  "id": "MLC-T-ECS-000489",
  "term": "Deflation",
  "field": "Economic statistics",
  "definition": "Falling prices for goods and services over time.\n\nNote: When deflation occurs, the purchasing power of money increases. For example, if the inflation rate is -2 percent annually, then, theoretically, a $1 basket of apples will cost $0.98 in a year.\n\nSee also inflation.",
  "see_also": [
    "Inflation"
  ],
  "references": [
    "BLS Glossary"
  ],
  "url": "https://mlchart.com/terminology/economic-statistics/deflation/"
}

Record 489 of 2,177 in Economic statistics terminology (MLC-0116). Request the full dataset.