dohboi wrote:What exactly is the difference between "ultra-low inflation" and just plain deflation again??
So you're on the internet. You're on a discussion thread making posts with your economic commentary.
But you don't know what deflation is, and can't look it up.
Now I think I know how doctors feel when patients (via ONLY intuition) try to diagnose themselves.
To your question:
I have seen very low rates of inflation called disinflation, although technically that means the rate of inflation is decreasing. With deflation, the currency is actually getting more valuable. The problem with that is it tends to turn people into hoarders on a broad scale, once they become confident the deflation is likely to continue. Japan has had this problem in the past decade. That behavior is exactly the opposite, of course of what high inflation causes, where people shun holding currency. (Taxable high interest rates tend to be outrun by the inflation in that scenario).
https://en.wikipedia.org/wiki/Disinflation