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The US did have deflation in the fourth quarter of 2008: https://www.ebsco.com/research-starters/economics/deflation https://www.ebsco.com/research-starters/ec
by DennisP 8mo ago
The US did have deflation in the fourth quarter of 2008:
https://www.ebsco.com/research-starters/economics/deflation https://www.ebsco.com/research-starters/economics/deflation
Of course this is talking about the overall price level. The prices in specific sectors can fluctuate independently of that. Food and energy in particular are excluded from core inflation because they're especially volatile.