"Low inflation" refers to a situation where the general level of prices for goods and services is not increasing significantly over time. This means that items we buy or use regularly are not getting more expensive at a fast rate. Full definition
From 1982 until 2012, most Western economies experienced a period of low inflation combined with relatively high returns on investments across all asset classes including government bonds. (en.wikipedia.org)
Lower inflation rate protection plans will have lower premiums than higher inflation rate options. (investopedia.com)
With low inflation of 2 %, the cost of living will roughly double during your retirement. (edrempel.com)