this is not deflation wrt purchasing things - it's the opposite... when the price is rising it's painful to purchase today because the goods will be cheaper tomorrow. while the price is falling you want to purchase now because the goods may be more expensive tomorrow.
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But the price falling for a while quickly mentally-morphs into... maybe I should wait, so that I don't overpay, as it might be cheaper tomorrow.
The price rising produces FOMO: I should buy today, as it will be more-expensive tomorrow.