I don't see it to much. I see a little Deflation at the dollar store's on under priced items. Mostly from under priced items China imports that are too cheap. But I don't see deflation in food or Gas or office supplies etc. I don't see where deflation has taken over. I see a little deflation as you say from a mass amount of cheap items from china. But China does not sell everything. So I just see a little Deflation limited to these items.