Deflation

Disinflation: Disinflation refers to a decrease in the rate of inflation rather than an actual decline in prices. It means that while prices are still rising, they are doing so at a slower pace.

Demand-Pull Inflation: Demand-pull inflation occurs when aggregate demand exceeds aggregate supply leading to upward pressure on prices due to increased consumer spending or government expenditure.

Cost-Push Inflation: Cost-push inflation happens when there is an increase in production costs, such as wages or raw materials, which leads to higher prices for goods and services.