Deflation is due to the slump

Description

In recent weeks, the Wholesale Price Index (WPI) has fallen for the first time in over 30 years. This was described in many places, on television and in print, as inflation "enters negative territory", making it sound like the Pakistani army entering Swat! Unnecessarily convoluted modern verbiage, or if you prefer, too much jargon, to describe the simple phenomenon of falling prices or deflation (Inflation is the percent change in the level of the price index)........ Read more at: https://www.livemint.com/Opinion/y4nFYA0zjGPLrM23cvgrLP/Deflation-is-due-to-the-slump.html

Publication Date

9-7-2009

Publication Title

LiveMint

Publisher

HT Media

Keywords

Economics, Economic development, Wholesale Price Index, WPI, Deflation

Source Link URL

https://www.livemint.com/Opinion/y4nFYA0zjGPLrM23cvgrLP/Deflation-is-due-to-the-slump.html

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