Inflation and CPI Measurement

The podcast episode discusses inflation and the Consumer Price Index (CPI). The 7% CPI measure is examined as an attempt to bring various price changes of goods and services into a single number. The episode highlights that these prices do not represent an objective value of currency and are affected by factors like supply chain issues, volatile prices of items such as used cars and fuel, and global fuel crises. The discussion questions the sustainability of high inflation rates driven by certain categories and emphasizes the need to address underlying issues like shortages and capacity building.