[acilim]

I think in the shorter term innovation does influence inflation a little bit. Like the article stated, if a product is new and offers some uniqe benefit everybody will want to buy it and that will drive demand up. Like first automobiles, internet, cellphones. Probably not a huge influence but not negligible.

[dellIsBetter]

The demand of digital cameras is down with new iPhone. Someone buy one new thing and do not on other, this is inflation neutral.

[acilim]

Yeah. I was thinking more about some things that are completely new. My examples aren’t the best.