Deflation is the opposite of inflation. Unlike the latter, it is characterized by a lasting and self-sustaining fall in the general level of prices. To measure price trends, we can indexes such as the French index of the Harmonized Consumer Price Index (HICP) published monthly by INSEE. It is calculated from the evolution of the… Continue reading What is deflation ?
Category: Economics
What is Inflation?
An overall price increase In a market economy, the prices of goods and services vary. Some increase, others decrease. We speak of inflation when prices increase overall, and not just the prices of a few goods and services. When this is the case, over time, each euro or US dollar or any currency backed by… Continue reading What is Inflation?