Inflation & Deflation

No, Chancellor, 0.5% inflation is not "welcome news"

What is deflation? What has caused inflation to fall? And why is there no such thing as ‘good deflation’? 

On Monday the Office of National Statistics (ONS) announced that inflation at 0.5% was lower than the 1% rise that had been predicted by the Bank of England as recently as November. We at PRIME are not surprised, as we have tracked Britain’s disinflation (falling prices) for some time...