The phrase "a deep deflation" is correct and usable in written English.
It can be used in economic contexts to describe a significant decrease in the general price level of goods and services in an economy.
Example: "The country faced a deep deflation, leading to widespread economic hardship and increased unemployment rates."
Alternatives: "a severe deflation" or "a significant deflation."
In non-food, the BRC said deep deflation was recorded in clothing and footwear, electricals and books, stationery and home entertainment.
Producers' input prices, or the materials and fuel costs they face, were down 6.5% on the year, bigger than forecasts for a 6.1% drop and the deepest deflation since September 2009.
"The deepest deflation in the food cabinet came from fish, down 6.8% year-on-year, followed by milk, cheese and eggs and vegetables," said analysts at Shore Capital.
More widespread and deeper deflation would mean that property prices would have to fall even further to restore equilibrium with household incomes, creating another round of delinquencies, defaults and foreclosures.What is the solution?
"For 20 long years of deflation, Japan suffered a deep loss of confidence," Mr. Abe said.
Just as inflation scarred a generation of Americans, deflation has left a deep imprint on the Japanese, breeding generational tensions and a culture of pessimism, fatalism and reduced expectations.
I won't even bother with the most obvious question of all: what are we doing worrying about the deficit and inflation while we are still in a deep recession with 9.7% unemployment and deflation as still the primary risk?
The ECB might launch a programme of bond-buying on the pretext that a deep recession in the euro area threatens deflation.
Though a big jump in less than a year, this recovery follows a deep fall in prices, when a shrinking economy, deflation, rising unemployment and the SARS virus all took their toll.
Then deflation began, market demand slackened, and a deep recession set in.
