Following the first fall into deflation in the UK since the 1960s, Kirsty Styles chats to James Meadway, Senior Economist at the New Economics Foundation, about good inflation, bad inflation, negative inflation and deflation, and what it all means. Also, some (pre-Eurovision) chat about Eurovision. Recorded Friday 22nd May Weekly Economics Podcast on Twitter: www.twitter.com/weeklyeconpod James Meadway on Twitter: www.twitter.com/meadwaj Kirsty Styles on Twitter: www.twitter.com/kirstystyles1 Produced by James Shield. Programme editor for NEF: Huw Jordan. Brought to you by the New Economics Foundation – the independent think tank and charity campaigning for a fairer, sustainable economy. Find out more at www.neweconomics.org. Music by Podington Bear, used under Creative Commons BY-NC Licence www.podingtonbear.com