You're 100% right. If prices fall faster than wages, it means that gradually people have more real income and you'd expect that their consumption would increas

You're 100% right. If prices fall faster than wages, it means that gradually people have more real income and you'd expect that their consumption would increase, not decrease. While in specific circumstances some purchases might be postponed temporarily due to falling prices, it's extremely dubious that the end result would be less consumption in the economy.