What is deflation?
A term used to describe a period of economic contraction.
According to the US Federal Reserve, the U.S. economy shrank for the second consecutive year last year, and now stands at its weakest since the Great Depression.
The economy contracted by 0.2% in the first quarter, and it is expected to contract again in the second quarter.
The economic downturn has led to a large increase in the cost of goods and services in the United States.
For example, the cost per kilogram of food has jumped by nearly $1 since March 1, 2016, according to the Economic Policy Institute.
Inflation has also risen to levels that are unprecedented in modern history, with the Bureau of Labor Statistics projecting that the cost to consumers of the CPI inflation index, or CPI, will increase by about 1.4% in 2018.
If you look at the CPI for inflation alone, the costs to consumers have risen by about 25% in that same period.
That is a big deal for many Americans, especially because the cost increases have occurred despite a massive drop in the unemployment rate, which has fallen to 8.1%.
The U.N. has declared a major famine in Somalia.
On Monday, the UN announced that an international famine has been declared in Somalia due to drought conditions.
It said in a statement that it was sending food and medicine to Somalia and the Central African Republic, as well as to Ethiopia and the Sudan, and urged all countries to urgently mobilize food and other assistance.