Thank you. We just have to think deflation for the time being and my bet is at least two more years. The deflation psychology for consumers is 180° opposite what the inflation psychology is
With inflation the $100 you stuffed in your mattress is worth 5% less next year. With the current deflation it is worth 5% more 12 months from now
Grocery prices have defied deflation so far but I now see them slowly deflating too