Yes, I agree with that.
Anything that makes things more abundant, cheaper or more efficient, is deflationary.
Solar power is naturally abundant, fossil fuels are limited in resource, and because difficulty in ramping extraction.
I had space travel and genetics as inflationary because they start out expensive and unavailable to the majority of the population.
It will take a long time to get to the kind of scale that lowers prices.
It is true SpaceX is working on lowering prices, I was thinking about the next 10-15 years years. and I could be wrong on space travel and medicine.
I had Climate Change as inflationary as it has the potential to destroy a lot of things, which then need to be rebuilt or relocated, and because it impacts on food supplies.
Manufactured food production is deflationary because it can lead to higher volumes of lower priced food that can be produced consistently, regardless of weather patterns, location and seasons.
The basic drivers are :-
- Abundance and innovation - deflationary
- Scarcity, or low volume production - inflationary,