Inflation accelerated sharply and well-above forecasts in October, with consumer prices rising at their fastest over-the-year pace in more than three decades as persistent supply chain bottlenecks continue to push prices skyward. The Bureau of Labor Statistics (BLS) reported on Nov. 10 that the headline Consumer Price Index (CPI), a measure of inflation from the perspective of end consumers of goods and services, surged by 6.2 percent over the year and 0.9 percent over the month in October. That puts the pace of over-the-year consumer price inflation at its highest level since December 1990, when it rose by 6.3 percent. At 0.9 percent, the over-the-month pace of inflation is the highest since June 2021, which at the time was the fastest rate since 2008. Economists polled by Bloomberg predicted Wednesday’s CPI print would come in at 5.9 percent over the year and 0.6 percent over the month. “No matter how squishy …