It depends how you measure. Asset deflation (property, equities, etc) is a sure thing. Household expenses do not deflate. Despite all the talk of deflation i

It depends how you measure. Asset deflation (property, equities, etc) is a sure thing. Household expenses do not deflate. Despite all the talk of deflation in Japan over the 90s the cost of living continued to rise, and that was in an era of cheap commodities. I think prices for all sorts of things will collapse, but your grocery bill will continue to rise.