Einar H. Dyvik
Research expert covering Nordics and global data for society, economy, and politics
Deflation - statistics & facts
Lately, inflation has been a hot topic around the world, with increasing prices and many people facing a cost-of-living crisis. Naturally, less attention has been paid to the opposite phenomenon, deflation, which refers to falling prices. Historically, there have been some notable periods of deflation, but these have become fewer and far between in recent decades. What is deflation, what causes it, and what are the most noteworthy historical examples? And which countries are at risk of falling into deflation today?
