is a continuous
fall in the overall prices and
lowering down of economic
activity in genral.
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A sustained decrease in the overall price level in the economy; deflation occurs if the inflation rate is negative. a slowing of the rate of inflation; for example if the rate of inflation is 5% in 2016 and 3% in 2017, there is still inflation in 2017. Prices are just not rising as fast as they were before.
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