But the model -- even in a deflationary environment, the model is -- it's really where the flexibility of the model shines through, so we know we can perform in that environment as well.

Source: https://seekingalpha.com/article/4602298-grocery-outlet-holding-corp-go-q1-2023-earnings-call-transcript?source=feed_all_articles

China’s consumer prices tipped into deflationary territory in July for the first time in two years, as a deepening economic malaise in the world’s second-largest economy enters a potentially dangerous new phase.

Source: https://createsend.com/t/d-364D74F7E4B09CBA2540EF23F30FEDED

Eventually they lead to an engineered deflationary kick in the gut for the economy.

Source: https://www.lewrockwell.com/2023/10/brandon-smith/the-societal-effects-of-inflation-how-you-know-things-are-really-going-bad/

I think it's slightly -- it's deflationary.

Source: https://seekingalpha.com/article/4657995-costco-wholesale-corporation-cost-q1-2024-earnings-call-transcript?source=feed_all_articles

Notably, the digital asset’s total supply had dropped by over 66,000 ETH since the start of 2023, making it deflationary.

Source: https://biztoc.com/x/823920271299cab9?ref=ff

So certainly not deflationary, but we're not expecting it to be nearly in the range of which it was.

Source: https://seekingalpha.com/article/4630620-lancaster-colony-corporation-lanc-q4-2023-earnings-call-transcript?source=feed_all_articles

The white paper spoke of the need to “eradicate the sticky deflationary mindset besetting households and companies”, but I wonder if the BoJ also suffers from the same mindset, even with inflation remaining above target month after month.

Source: https://www.marketpulse.com/news-events/central-banks/japanese-yen-breaks-above-147/kfisher