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Earlier this morning we got the government's official read of the consumer price index

in the month of August.

And the consensus was for a point four percent rise in the headline number point three.

If you just looked at the core stripping out food and energy and that would have followed

a point five percent rise in the prior month, which by the way exceeded estimates during

the prior month and a point three percent prior month increase in the core.

Now over the preceding eight reports, everyone had exceeded estimates going back to December

of 2020.

And of course, I spoke about the producer price index on my last podcast, which came in

at up point seven for August.

That was also higher than what had been expected.

So we continue to get inflation numbers that were higher than expected.

And so maybe a lot of people by now were expecting the August number to also be above

...