What is deflation? It’s not a one-time price discount — and it’s not something to cheer, economists say.

After watching prices soar since last year, Americans and their whiplashed wallets could see things go in a new direction — prices could actually drop.

Discounts and price breaks certainly sound good after the recent four-decade-high inflation rates. But the new murmurs are about the chance of deflation, which is the opposite of inflation. That’s a whole different tune.

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