A few fall, resulting in negative inflation.
So what happens to the recovery if we fall into what is euphemistically called "negative inflation"?
"Next month we think it will dip into negative inflation only briefly.
Last month, it became the first of the 16 nations that use the euro to record a negative inflation rate.
"At this stage, we expect negative inflation rates for the next six months or so," Mr. Antonucci wrote.
Maduro said the forced price cuts should lead to negative inflation of 15% in November and 50% in December – forecasts that brought immediate mockery from critics on Twitter.
With the rate of unemployment still well above ten per cent (in July, the rate was 11.5percentnegativeatinflationtion — falling prices — is a real possibility.
That would mark a return to the negative inflation seen in April, which was the first instance in more than half a century.
That flirtation with negative inflation was only brief, and prices were rising again in May, albeit by just 0.1% on the year.
"The emergence of negative inflation does forcefully raise the spectre of a possible prolonged period of deflation," said James Ashley, chief European economist at RBC Capital Markets.
That is why Argentine interest rates, which start at 8percentt, are totally out of proportion with the country's negative inflation rate of 2percentt last year.
