📈You’ve most likely heard of inflation—the increase in the prices of goods and services.

However, there’s also the possibility of a decrease in prices within the economy—this is what we call *deflation*.

*🧩In practice, deflation is often perceived as a good thing because it gives you more bang for your buck*. However, in some cases, it can also have *negative effects* on the economy.

While our financial system is generally more susceptible to inflation than deflation, it’s helpful to understand the potential negative effects of persistent deflation if you ever face it in your country.

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