What he implied with the term "conspiracy theory" in relation to inflation is that there's a vast mismatch between reported CPI and experienced CPI, hence the r

What he implied with the term "conspiracy theory" in relation to inflation is that there's a vast mismatch between reported CPI and experienced CPI, hence the reported CPI is a conspiracy theory or corrupted. Typically statements like "this increased 100-150%" are used to support the theory. The only thing I'm saying is that individual price hikes are meaningless without any information about the total expense breakdown. That said, I do agree that CPI is typically slightly optimistic.