Inflation And Deflation At The Same Time?

Is it possible to have inflation and deflation concurrently (biflation)? Specifically, is it possible to have widespread inflation and deflation simultaneously?

It is impossible if one defines inflation as a ‘general’ increase in prices (and deflation as a general decrease in prices). That’s because the term ‘general’ here means ‘most’ or ‘majority’ (i.e. most/majority of prices). In other…

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