Japan had a disinflated economy in 1990. This is the best example of disinflation. When the increase in the “consumer price level” slows down from the previous period when the prices were rising, it leads to disinflation. You can read about the Inflation in Economy- Types of Inflation, Inflation Remedies [UPSC Notes] in the given link.
Further readings:
- Inflation Targeting: Methods, Drawbacks and Benefits
- Consumer Price Index (CPI) – CPI and its Types [USPC Indian Economy Notes]
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