The economy has experienced deflation of 3.33 percent. The overall reduction in the level of prices for goods and services is known as deflation. Although a decrease in the availability of credit and money is typically a sign of deflation, prices can also drop as a result of rising productivity and advancements in technology.
The attractiveness of various investment possibilities varies depending on whether the economy, price level, and the money supply are deflating or inflating. Deflation don't necessarily benefit everyone, and the economists frequently worry about how they may affect different areas of the economy, particularly the financial sector.
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