Inflationary and Deflationary have a significant impact on the economic condition of a country and also have an impact on people's lives because both will have an impact on the prices of goods within a certain period of time and changes in the value of money.
During inflation the value of money decreases and prices rise, whereas during inflation prices decrease and the purchasing power of money increases.
During inflation the value of money decreases and prices rise, whereas during inflation prices decrease and the purchasing power of money increases.