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Welcome to Excipio on Excipio · Sep 19, 2025

Why is tech deflationary?

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There’s a feeling you have when you just uncover a fact so shocking, and yet so obvious, that’s hard to put into words. That’s what I felt when I saw this wonderful statistic: as far as I can tell, the only category of products that had a deflationary rate, averaging -7% a year for the past 20 years, was “Information Technology, Hardware And Services”. I had already…

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