Part 4/15:
Delving deeper, the guest explains that inflation is often measured through consumer baskets like the CPI, but these can be misleading or imprecise—affected by regional variations, supply chain disruptions, and policy influences. For example, in California, housing costs dominate the inflation picture, whereas in the UK, travel expenses are skyrocketing due to post-COVID industry recovery.
He argues that personal experiences of inflation vary could vastly differ from official statistics, with some individuals perceiving inflation rates much higher—in the US, perhaps 15-20%—especially in housing and everyday expenses such as eating out or commuting costs.