52. What is CPI good for?

<div>Saifedean and seminar regular Peter Young discuss what price indeces such as&nbsp;CPI&nbsp;tell us about inflation. They discuss whether ageing demographics&nbsp;lead to&nbsp;inflation or deflation, whether&nbsp;inflation measurements are even theoretically possible,&nbsp;and the historical failure of central bank attempts to&nbsp;manage the economy based on price index data.</div>