Deflation is due to the slump

Abstract

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