Does this mean that the price will rise or fall?
Price depends on supply and demand on exchanges not on hashrate. So its not like if hashrate goes down so should price do. In fact its the oposite of that. If price goes down it force hashrate do go down because it is less profitable to mine and non efficint miners shout down farms to avoid mining less than production cost.
Current BTC monetary inflation is below 2%. Its already negligible compared to annual price change amplitude. Going down with inflation to 1.5-1.7% for few weeks because few miners are moving farms has no impact on price.