Despite me telling you “CPI Doesn’t Matter” – because it’s a transient number, and rates are going higher, we still acknowledge there is a lot of investor focus on the numbers which have just been released – so let’s get that off the table before we make all the rest uncomfortably real.First is the headline:The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4 percent on a seasonally adjusted basis in August after rising 0.1 percent in July, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index increased 3.4 percent before seasonal adjustment.Then there…