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This is not some future problem. It is happening right now.
We can actually see #deflation right now in the form of falling producer prices. Europe reported a record drop in its PPI which has major implications starting with #recession and what this means for #inflation. Declining oil and producer prices today are linked to consumer prices and the economy tomorrow.
Eurodollar University's Money & Macro Analysis
Do Producer Prices Lead Consumer Prices?
https://www.kansascityfed.org/documents/1005/1995-Do%20Producer%20Prices%20Lead%20Consumer%20Prices%3F.pdf
The Commodity–Consumer Price Connection: Fact or Fable?…
The skinny
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