But I do know that doesn't seem to happen in the tech industry I'm using as an example. How many people decide they aren't going to buy an IPhone because there'll be a better, cheaper one in a year or so? Or anything else? Good grief, every time we buy something tech we know for a FACT that something better and cheaper will be coming down the pike eventually. Do we all stop buying this stuff?

I would personally delay a purchase for a month or so if I knew something better and cheaper was coming. Not much more than that. People purchase things because they want or need them now. Otherwise, they wouldn't be purchasing them at all.

I think we're looking at this backwards. Who gains the most from inflation?