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Re:US annual inflation declines to 7.1% in November vs. 7.3%... by gumby on Tuesday December 13, 2022 @12:13PM (#33971933)
Actually, consumers very much do delay purchases, especially of big ticket items like white goods, cars, and houses in deflationary regimes, just as in periods of hyperinflation they do the opposite. This is easy to look up as there are many examples through history (especially of the latter — Brazil is an excellent and frightening example).

Groceries, sure, but then as a consumer you are still impacted because suppliers are less likely to provide the goods you want.

Deflation is really bad. One of the consequences of the gold standard was the big swings (inflationary after a big gold strike, like California' Yukon, or Victoria; deflationary when the gold supply could not keep up with economic activity) that you can easily see in the second half of the 19th century.

Re:US annual inflation declines to 7.1% in November vs. 7.3%... by notahacker on Tuesday December 13, 2022 @12:53PM (#33972783)
And indeed if consumers didn't delay purchases, we wouldn't see deflation.

Businesses don't collectively decide to reduce prices month after month out of generosity. They do it because the economy is in a position where none of them are selling enough at the current price. If everyone is selling less stuff at lower prices, then sooner or later the problem becomes the employees'...

Re:US annual inflation declines to 7.1% in November vs. 7.3%... by gumby on Tuesday December 13, 2022 @02:05PM (#33974082)
Very good and strangely non-obvious point.
Re:US annual inflation declines to 7.1% in November vs. 7.3%... by 082349872349872 on Tuesday December 13, 2022 @05:01PM (#33976585)
During Israeli hyperinflation grocery stores had a nice example of picking suitable data representations for write-heavy loads: they would price shelf items in "points", and a big board at the entrance to the store (updated ~daily) carried the current ratio between points and shekels.
Re:US annual inflation declines to 7.1% in November vs. 7.3%... by tnel77 on Tuesday December 13, 2022 @02:48PM (#33974690)
It’s not the same situation, but most video games I will wait a year or two to purchase. $70 day one, or $20 on Black Friday a year from now with all the DLC included?
Re:US annual inflation declines to 7.1% in November vs. 7.3%... by listenallyall on Wednesday December 14, 2022 @12:26PM (#33986716)
It's extremely rare for inflation/deflation to reach double-digits. Would you actually wait if the price a year from now was $67 (and no extra content)?
Re:US annual inflation declines to 7.1% in November vs. 7.3%... by tnel77 on Wednesday December 14, 2022 @12:56PM (#33987109)
Definitely not. It’s the reason I don’t wait to buy new Nintendo games because you have to wait a long time for a sale and it’s usually only $10.