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. …“Inflation is broadening out,” McBride said. “In addition to food, energy, and shelter continuing to post outsized monthly increases, new and used car prices are once again shifting into overdrive.” Used car prices jumped 2.5 percent over the month and 26.4 percent over the year in October. New car prices rose 1.4 percent for the month and 9.8 percent for the 12 months through October. …“Consumers are feeling it in the pocketbook at the gas pump, grocery store and tenants in many parts of the country could get sticker shock at their next lease renewal,”
