Deflation can be described as a decrease in the general price level of goods and services or currency appreciation with respect to the same goods and services. Deflation occurs when the inflation rate Falls below 0% which is a negative inflation rate. inflation reduces the real value of money over time. conversely, deflation increases the real value of money- The currency of a national or Regional economy. this allows one to buy more goods and services than before with the same amount of money.
