First Aspect
Squire
For, something I find a bit frustrating is the way politicians present & discuss inflation. That they present the impact as being the current figure (last 12 months) were the true impact is also the longer term inflation. eg (from the UK ONS https://www.ons.gov.uk/economy/inflationandpriceindices/timeseries/l55o/mm23) UK last 5 years
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That it's sumulative, like "we've got inflation down" except that a lower (but above zero) inflation rate still means prices are increasing and it's a "ratchet" in that with positive inflation rate prices never recover to what the were previously. And it's cumulative/compounded so this years inflation amount is inflating the previously inflated price ...
Deflation is normally considered a bad thing, because it incentivises delays in economic activity.