Technology is deflationary, but you don’t see the tech industry crashing as people wait for steep discounts far exceeding 1% over a couple years or so. Deflation is made out to be a boogeyman because it means the peasants get a pay increase if they keep the same wage unlike the pay cuts they currently receive through inflation.
U.S. inflation falls to 3%, lowest level in more than 2 years, as price pressures ease (www.politico.com)