{"id":105642,"date":"2026-05-28T17:34:19","date_gmt":"2026-05-28T12:04:19","guid":{"rendered":"https:\/\/vajiramandravi.com\/current-affairs\/?p=105642"},"modified":"2026-05-28T17:34:19","modified_gmt":"2026-05-28T12:04:19","slug":"difference-between-deflation-and-disinflation","status":"publish","type":"post","link":"https:\/\/vajiramandravi.com\/current-affairs\/difference-between-deflation-and-disinflation\/","title":{"rendered":"Difference Between Deflation and Disinflation, Meaning, Causes"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Deflation and disinflation are two important macroeconomic concepts related to changes in the general price level, but they differ in terms of the direction and pace of inflation in an economy.<\/span><\/p>\n<h2><b>Deflation Meaning<\/b><\/h2>\n<p><a href=\"https:\/\/vajiramandravi.com\/current-affairs\/deflation\/\" target=\"_blank\"><b>Deflation<\/b><\/a><span style=\"font-weight: 400;\"> refers to a <\/span><b>sustained decline in the general price level of goods and services in an economy over a period of time<\/b><span style=\"font-weight: 400;\">. It occurs when the <\/span><b><a href=\"https:\/\/vajiramandravi.com\/upsc-exam\/inflation\/\" target=\"_blank\">inflation<\/a> rate becomes negative<\/b><span style=\"font-weight: 400;\">, meaning prices continuously fall instead of rising. <\/span><b>For example<\/b><span style=\"font-weight: 400;\">, if inflation falls from 3% to \u20132%, the economy is experiencing deflation.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deflation <\/span><b>increases the purchasing power of money<\/b><span style=\"font-weight: 400;\"> because consumers can buy more goods with the same amount of money.\u00a0<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">However, <\/span><b>persistent deflation is generally considered harmful<\/b><span style=\"font-weight: 400;\"> because it reduces economic activity, investment, and employment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Deflation is usually associated with <\/span><b>economic recession, weak demand, financial crises, and contraction in money supply in the economy.\u00a0<\/b><\/li>\n<\/ul>\n<h2><b>Causes of Deflation<\/b><\/h2>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Decline in Aggregate Demand<\/b><span style=\"font-weight: 400;\">: Deflation mainly occurs due to a sharp decline in aggregate demand. When consumers reduce spending and businesses cut investment, demand in the economy falls, leading to declining prices.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduction in Money Supply<\/b><span style=\"font-weight: 400;\">: Reduction in money supply and bank credit also contributes to deflation. During financial crises, banks become cautious in lending, reducing liquidity in the economy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>High Unemployment and Low Consumer Confidence<\/b><span style=\"font-weight: 400;\">: High unemployment, falling wages, and low consumer confidence further weaken demand and deepen deflationary pressures.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Excess Production and Technological Advancement<\/b><span style=\"font-weight: 400;\">: Excess production and technological improvements may also create downward pressure on prices when supply exceeds demand.<\/span><\/li>\n<\/ul>\n<h2><b>Effects of Deflation<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Deflation has wide-ranging economic consequences as persistent fall in prices reduces demand, investment, production, and overall economic activity.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Decline in Consumer Spending<\/b><span style=\"font-weight: 400;\">: Consumers postpone purchases expecting further decline in prices.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fall in Business Profits<\/b><span style=\"font-weight: 400;\">: Continuous price decline reduces earnings and profitability of firms.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Decrease in Investment<\/b><span style=\"font-weight: 400;\">: Businesses delay expansion and investment due to weak demand and uncertainty.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Rise in Unemployment<\/b><span style=\"font-weight: 400;\">: Lower production and business slowdown lead to job losses.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increase in Real Debt Burden<\/b><span style=\"font-weight: 400;\">: Borrowers face greater difficulty in repaying loans as the value of money rises.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Economic Slowdown<\/b><span style=\"font-weight: 400;\">: Deflation reduces aggregate demand and slows economic growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Deflationary Spiral<\/b><span style=\"font-weight: 400;\">: Falling prices, lower demand, unemployment, and weak production reinforce each other in a vicious cycle.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Financial Instability<\/b><span style=\"font-weight: 400;\">: Persistent deflation weakens banking and financial systems due to rising defaults and low profitability.<\/span><\/li>\n<\/ul>\n<h2><b>Policy Measures to Control Deflation<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Governments and central banks adopt expansionary fiscal and monetary policies to increase demand, investment, and economic activity in order to control deflation.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduction in Interest Rates<\/b><span style=\"font-weight: 400;\">: Central banks lower interest rates to encourage borrowing and spending.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increase in Money Supply<\/b><span style=\"font-weight: 400;\">: Liquidity is increased in the economy through expansionary monetary policy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Encouraging Bank Credit<\/b><span style=\"font-weight: 400;\">: Banks are encouraged to provide loans to businesses and consumers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Higher Government Expenditure<\/b><span style=\"font-weight: 400;\">: Government increases public spending to stimulate demand and employment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tax Reduction<\/b><span style=\"font-weight: 400;\">: Lower taxes increase disposable income and consumer spending.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Quantitative Easing<\/b><span style=\"font-weight: 400;\">: Central banks may purchase government securities and financial assets to inject liquidity into the economy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Employment Generation Programmes<\/b><span style=\"font-weight: 400;\">: Governments launch welfare and infrastructure programmes to boost income and demand.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Consumer and Investor Confidence Building: <\/b><span style=\"font-weight: 400;\">Stable economic policies and financial support measures are used to restore confidence in the economy.<\/span><\/li>\n<\/ul>\n<h2><b>Disinflation Meaning\u00a0<\/b><\/h2>\n<p><b>Disinflation<\/b><span style=\"font-weight: 400;\"> refers to a <\/span><b>reduction in the rate of inflation in an economy<\/b><span style=\"font-weight: 400;\">. In this case, <\/span><b>prices continue to rise, but at a slower pace than before. <\/b><span style=\"font-weight: 400;\">It does not mean that prices are falling. Instead, the speed of price increase declines over time. <\/span><b>For example<\/b><span style=\"font-weight: 400;\">, if inflation decreases from 8% to 4%, the economy is experiencing disinflation.<\/span><\/p>\n<h2><b>Causes of Disinflation<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Disinflation generally occurs when inflationary pressures in the economy decline due to policy measures, lower demand, or improvement in supply conditions.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tight Monetary Policy<\/b><span style=\"font-weight: 400;\">: Central banks increase interest rates and reduce money supply to control inflation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fiscal Discipline<\/b><span style=\"font-weight: 400;\">: Reduction in government expenditure and fiscal deficit lowers excess demand in the economy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Decline in Aggregate Demand<\/b><span style=\"font-weight: 400;\">: Lower consumer spending and investment reduce inflationary pressures.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improvement in Supply Chains<\/b><span style=\"font-weight: 400;\">: Better production and distribution systems increase supply and moderate prices.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fall in Global Commodity Prices<\/b><span style=\"font-weight: 400;\">: Decline in crude oil and raw material prices reduces cost-push inflation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Technological Advancement<\/b><span style=\"font-weight: 400;\">: Higher productivity and lower production costs help in controlling inflation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Stable Exchange Rate<\/b><span style=\"font-weight: 400;\">: A stable or stronger currency reduces the cost of imports and imported inflation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Economic Stabilization<\/b><span style=\"font-weight: 400;\">: Disinflation may occur naturally when an overheated economy gradually stabilizes after rapid inflation.<\/span><\/li>\n<\/ul>\n<h2><b>Effects of Disinflation<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Disinflation influences economic growth, investment, employment, and consumer behaviour by reducing the pace of price rise in the economy.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improvement in Price Stability<\/b><span style=\"font-weight: 400;\">: Lower inflation creates a more stable economic environment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increase in Purchasing Power<\/b><span style=\"font-weight: 400;\">: Consumers face slower rise in prices, improving real income.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Higher Investor Confidence<\/b><span style=\"font-weight: 400;\">: Stable inflation encourages long-term investment and business planning.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduction in Inflationary Pressure<\/b><span style=\"font-weight: 400;\">: Disinflation helps control excessive price rise in the economy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Promotion of Sustainable Growth<\/b><span style=\"font-weight: 400;\">: Moderate inflation supports balanced and stable economic growth.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Lower Cost of Living Pressure<\/b><span style=\"font-weight: 400;\">: Households experience reduced burden of rapidly rising prices.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Possible Slowdown in Demand<\/b><span style=\"font-weight: 400;\">: Excessive disinflation may reduce consumption and investment demand.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Temporary Rise in Unemployment: <\/b><span style=\"font-weight: 400;\">Tight monetary policies used for disinflation can slow economic activity and affect employment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Risk of Deflation<\/b><span style=\"font-weight: 400;\">: Severe and prolonged disinflation may eventually lead to deflationary conditions.<\/span><\/li>\n<\/ul>\n<h2><b>Policy Measures Related to Disinflation<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">Disinflation is generally achieved through monetary and fiscal measures aimed at reducing inflationary pressures while maintaining economic stability.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Increase in Interest Rates<\/b><span style=\"font-weight: 400;\">: Central banks raise policy rates to reduce borrowing and spending.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Reduction in Money Supply<\/b><span style=\"font-weight: 400;\">: Liquidity in the economy is controlled to moderate inflation.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Tight Monetary Policy<\/b><span style=\"font-weight: 400;\">: Central banks adopt contractionary monetary measures to control excessive demand.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Fiscal Discipline<\/b><span style=\"font-weight: 400;\">: Governments reduce fiscal deficits and unnecessary public expenditure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Control on Excess Demand<\/b><span style=\"font-weight: 400;\">: Policies are introduced to balance aggregate demand and supply.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Inflation Targeting<\/b><span style=\"font-weight: 400;\">: Central banks follow inflation-targeting frameworks to maintain price stability.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Improvement in Supply Chains<\/b><span style=\"font-weight: 400;\">: Efficient production and distribution systems help reduce inflationary pressures.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><b>Stable Exchange Rate Management<\/b><span style=\"font-weight: 400;\">: Maintaining currency stability helps control imported inflation.<\/span><\/li>\n<\/ul>\n<h2><b>Comprehensive Comparative Table: Deflation vs Disinflation<\/b><\/h2>\n<p><span style=\"font-weight: 400;\">The following table highlights the major differences between deflation and disinflation on the basis of meaning, causes, economic impact, and policy response.<\/span><\/p>\n<table style=\"width: 96.8925%;\">\n<tbody>\n<tr>\n<td style=\"text-align: center; width: 21.9439%;\"><b>Basis<\/b><\/td>\n<td style=\"text-align: center; width: 34.0335%;\"><b>Deflation<\/b><\/td>\n<td style=\"text-align: center; width: 40.1148%;\"><b>Disinflation<\/b><\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Meaning<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Sustained decline in the general price level<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Reduction in the rate of inflation<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Nature of Inflation<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Negative inflation<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Positive but declining inflation<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Price Movement<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Prices continuously fall<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Prices continue to rise at a slower pace<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Economic Condition<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Usually associated with recession and weak demand<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Usually associated with economic stabilization<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Aggregate Demand<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Sharp decline in demand<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Moderate slowdown in demand<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Consumer Behaviour<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Consumers postpone spending expecting lower prices<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Consumers generally continue spending<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Business Behaviour<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Firms reduce production and investment<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Businesses operate with improved price stability<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Impact on Economic Growth<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Leads to economic slowdown and stagnation<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Supports sustainable and balanced growth if gradual<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Impact on Employment<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Causes rise in unemployment<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">May have limited or temporary impact on employment<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Impact on Investment<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Discourages investment due to falling profits<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Encourages stable long-term investment<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Impact on Debt<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Increases real burden of debt<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Does not significantly increase debt burden<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Purchasing Power<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Purchasing power rises sharply<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Purchasing power improves gradually<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Monetary Policy Response<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Expansionary monetary policy<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Contractionary monetary policy<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Fiscal Policy Response<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Higher public expenditure and tax cuts<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Fiscal discipline and expenditure control<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Interest Rate Trend<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Interest rates are reduced<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Interest rates are increased<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Consumer Prices<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Goods and services become cheaper<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Goods and services become costlier slowly<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Inflation Expectations<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Expectation of further fall in prices<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Expectation of stable and controlled inflation<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Economic Risk<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Risk of deflationary spiral and prolonged recession<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Risk of slowdown if disinflation is too rapid<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Example<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Inflation falls from 2% to \u20131%<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Inflation falls from 9% to 5%<\/span><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 21.9439%;\">\n<p><b>Historical Example<\/b><\/p>\n<\/td>\n<td style=\"width: 34.0335%;\">\n<p><span style=\"font-weight: 400;\">Great Depression<\/span><\/p>\n<\/td>\n<td style=\"width: 40.1148%;\">\n<p><span style=\"font-weight: 400;\">Disinflation in the United States during the 1980s<\/span><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"<p>Read about difference between deflation and disinflation, including their causes, effects, economic impact, and role in inflation and monetary 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