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Deflation

Decreasing prices over time. The deflation rate is usually measured per year. In the United States, deflation is historically rare. The government does what it can to ensure widespread deflation does not occur as it would potentially lead to spending decreases since people would wait for things to become less expensive.

News On Deflation
Evidence mounts on slower US economic growth

17-05-2013| Source:Reuters

12-month advance since June 2011."Further falls in US core inflation in the coming months may make some Fed officials concerned about very low inflation, or even deflation," said Paul Dales