A second reason for relatively low inflation in recent years has been a temporary fall in the cost of production. As firms shed workers during the economic downturn, output fell more slowly.
而造成近年以来相对低通胀的原因还有生产成本的短期降低。由于公司在经济不景气时期削减人手，因此产量更加缓慢地下降，并引发工人人均生产量上升，加上缓慢的工资增长，最终导致了单位劳动成本的下降。而这个逻辑过程目前正随着就业增加而面临终结。