Ironically, cyclical inflation is deflationary, particularly asset price inflation within the context of an extended deleveraging process.

FORBES: The Great 'Flation Debate

Food, the other highly cyclical and inflation-prone indicator, remained subdued, gaining only 0.1% from November.

FORBES

Some of Europe's unemployment is cyclical, meaning that it could be cut by faster economic growth without sparking inflation.

ECONOMIST: A shocking error

The 1980 map of Latin America was largely one of authoritarian, often military governments, generally controlled by small oligarchies, with hyper-cyclical, commodity-based economies, nearly all plagued by huge debt and hyper-inflation.

CENTERFORSECURITYPOLICY: Obama goes south: An analysis of the Summit of the Americas