Low inflation rate will not affect people's consumption decisions

The Japanese government and many other countries are raising their minimum wage levels, which can be seen as a policy of raising inflation rate. The common belief is that low inflation rates would reduce consumption and affect market confidence. Does low inflation rate really affect people's consumption behaviour? Well, I think the low inflation rate will make very limited impacts on our daily consumption unless there is a deflation. Because almost all consumer goods depreciate automatically. The utility of having goods and services today is dominating the utility of having goods and services in the future.Therefore, it is also better to consume goods and services today than consuming in the future. To conclude, low inflation rates will not affect people’s consumption decisions.