Talk:Deflation

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Discuss: is it OK to speak of inflation/deflation affecting specific economic sectors?

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The content of the article has been affected by the following debate:

One side says inflation/deflation must always refer to general price levels, and if you speak of inflation or deflation affecting a particular sector of the economy, you are using the word incorrectly.

However, here are counterexamples.





deflation is not negative inflation

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handbook on international financial terms, moles & terry 1997 - (i) A fall in the level of economic activity in a country. Lower levels of economic activity as seen in such things as lower rates of increase in wages and prices.. (ii) The adjustment of an economic variable.. So the term relates to economic growth, or using a deflator to map nominal to real. It is not "negative price inflation". 2A02:1210:66D5:B600:6048:126B:76E4:D4B3 (talk) 15:46, 19 July 2023 (UTC)[reply]

Inexplicably perhaps, Moles & Terry are simply wrong. I confirmed that that is what the public summary says, but the correct term corresponding to that definition would be "recession". "Deflation" is the antonym of "inflation" and refers to a change in the real value of the monetary unit of account, that is the value in terms of some broad, representative set of purchasable goods and services. BruceW07 (talk) 09:47, 3 September 2025 (UTC)[reply]

Hyperdeflation

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Kenixkil (talk) 23:05, 23 January 2025 (UTC)[reply]

Deflation in Historical contexts

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Because of the historical content, a clear exposition of how deflation relates to historical monetary regimes where the unit of account was anchored to a quantity of some commodity, often a specific precious-metal coin or coins, is needed. I took a first tiny step in this direction by specifically adding "unit of account" to the initial definition of the term.

The counterpoint is outlining how deflation relates to a pure fiat system actively managed by a central bank.

I am going to work on introducing better exposition of these points with integration into existing Wikipedia first. Improving the quality of supporting references should follow. BruceW07 (talk) 14:07, 9 September 2025 (UTC)[reply]

You should do that in the opposite direction: (find good references, read the references, than summarize them with statements in the article) Please see WP:BACKWARDS. ---Avatar317(talk) 22:09, 11 September 2025 (UTC)[reply]
I appreciate what you are saying, but understand that I am not trying to write a new article. I am trying to rescue what has evolved into a badly fractured article, while continuing to respect and incorporate previous contributions. I am working "backwards" from the article as it exists. That is hard. BruceW07 (talk) 20:47, 13 September 2025 (UTC)[reply]
"the lead is supposed to summarize the article and that is getting too detailed for the lead."
Most of the article is taken up with the topics of historical deflations and the relation to financial crises. The motivation for that allocation of attention ought to be up front in some form. BruceW07 (talk) 21:19, 13 September 2025 (UTC)[reply]