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Why Deflation Is Good for the Economy

Why Deflation Is Good for the Economy
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Commentary

The yearly growth rate of the consumer price index (CPI) stood at 2.7 percent in November 2024, against 2.6 percent in October 2024. In June 2022, the yearly growth rate was 9.1 percent.

Frank Shostak
Frank Shostak
Author
Frank Shostak, Ph.D., is an associated scholar of the Mises Institute. His consulting firm, Applied Austrian School Economics, provides in-depth assessments and reports of financial markets and global economies. He has taught at the University of Pretoria and the Graduate Business School at Witwatersrand University.