"Headline CPI came hotter than expected rising 0.1% MoM vs expectations of -0.1% MoM. That is the 27th straight month of rising inflation. And while the ascent in energy fizzled, with the energy index increasing 23.8% for the 12 months ending August, a smaller increase than the 32.9% increase for the period ending July, the big shock was the food index which increased 11.4% over the last year, the largest 12-month increase since the period ending May 1979, while the food at home index rose 13.5% the largest 12-month increase since the period ending March 1979."
