“Noflation” (no + deflation/inflation) is another term for “zero inflation.” “Inflation or noflation?” was cited in print in 2007. “There appears to be noflation!” was cited on Twitter on March 24, 2009. Later on that same day, Daily Telegraph (UK) writer Henry Wallop asked, “Anyone got a word for zero inflation. zeroflation? any suggestions? Or is there a technical term I don’t know?” One answer was, “how about noflation?”
 
“Noflation” became popular in 2015, especially in the UK. “Japan joins Britain in ‘noflation’ land” was a Daily Telegraph headline on March 27, 2015.
 
     
InvestorVillage
Posted 4/17/2007 9:12:18 AM by x
inflation or noflation?
 
Twitter
Sam Cox
‏@Sammy_D
There appears to be noflation! http://news.bbc.co.uk/1/hi/business/7959564.stm
4:47 AM - 24 Mar 2009
 
Twitter
Harry Wallop ‏@hwallop 24 Mar 2009
anyone got a word for zero inflation. zeroflation? any suggestions? Or is there a technical term I don’t know?
 
Ed Conway
‏@EdConwaySky
@hwallop how about noflation?
5:46 AM - 24 Mar 2009
 
Twitter
Harry Wallop
‏@hwallop
blogpost - ‘Zero inflation’ (or unflation, or noflation, or zeeflation). Why it’s a good thing: http://tinyurl.com/c9krjv
9:03 AM - 24 Mar 2009
   
Zero Hedge
Guest Post: When Japan Collapses
Submitted by Tyler Durden on 09/15/2010 22:44 -0400
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COMMENTS
chrsina
Thu, 09/16/2010 - 04:34
hmmm No, Japan hasn’t spent 2 decades in a deflation trap
 
The overall level of debt is still the same as it was in 1990, private debt were transferred to the sovereign, inflation remained quasi null, Japan spent 2 decades in “Noflation” while keeping unemployment at a low level (average 3.88%) despite a quasi null GDP growth rate (0.27%).
     
Steve Keen’s Debtwatch
Inflation or Noflation?
By David Lawson | April 28, 2012 | Debtwatch
The lat­est CPI data from the ABS has revealed nofla­tion for first quar­ter of 2012. The pre­vi­ous Decem­ber 2011 quar­ter also recorded nofla­tion, con­trary to RBA expec­ta­tions of infla­tion­ary pres­sure from the min­er­als boom.
 
The Telegraph (UK)
‘Noflation’ is welcome, but there are dangers
By Telegraph View
6:45AM GMT 25 Mar 2015
Rampant inflation is bad, so no inflation must be good, right? Well, only up to a point and only for a while.
   
The Telegraph (UK)
Japan joins Britain in ‘noflation’ land
Inflation skids to a halt in world’s third largest economy, putting pressure on Bank of Japan to bring forward monetary easing plans
By Reuters, and Denise Roland
7:30AM GMT 27 Mar 2015
Japanese price growth ground to a halt in February as inflation fell to zero inflation for the first time in nearly two years.
   
The Irish Times
Planet Business
Laura Slattery
Fri, Apr 17, 2015, 01:25
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The Lexicon: Noflation
When prices rise, it’s inflation; when the fall, it’s deflation. But what word do economic journalists use when prices are flat? Merely noting that “the rate of inflation is 0 per cent” would be boring so instead we have “noflation”, a coinage that has become more popular in the last couple of months in the UK, where the Office for National Statistics has indeed calculated that the annual rate of change in its consumer price index has slumped to zero – as indeed it has in Japan.