#132: Revise Inflation, Deflation etc.

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Inflation:

Rate at which the prices are rising i.e. is inflation is X% means prices are X% higher than previous benchmark

Disinflation

Decelerating inflation i.e. prices are rising but at a lower rate. (e.g. X% rise in Month A, (X-2)% rise in Month B is still price rise but at a lower rate)

Deflation

- Opposite of inflation, rate at which prices are reducing

- Deflation is X% means prices are X% lower than previous benchmark

Reflation

- Follows deflation as policymakers make efforts to pump up economy

Greedflation

- Greed fueling inflation

- Corporates rise prices as a matter of 'greed' to have profits way above their input costs