Ok.. #Bitcoin serves as a reliable indicator of deflation in the free market. Being the premier commodity, it offers a useful benchmark for gauging deflationary trends. Now, if you're not a proponent of Bitcoin, you might resort to using traditional commodity prices as a proxy for measuring deflation. Fluctuations in the costs of goods like oil, gold, and agricultural produce can indeed suggest inflationary or deflationary pressures underway. A drop in these commodity prices may point towards deflation, whereas an increase could signal inflation.