Consumer prices in the U.S. rose to their highest level in 31 years in October, making life a little less comfortable for the inflation is temporary camp. The CPI climbed 6.2 percent year-over-year, the highest reading since it reached 6.3 percent in October, 1990. Those two observations are the only two above the 6.0 percent mark since Paul Volcker took the helm at the Federal Reserve to fight inflation that had soared to 14.8 percent in 1980. The monthly increase in the CPI for October was 0.9 percent, replacing an October, 2020 reading of 0.1 percent. Looking ahead, the next three months will see readings of 0.2, 0.2, and 0.3 percent replaced in the trailing twelve-month calculation, suggesting that consumer inflation is likely to remain uncomfortably high, at least into the first quarter of next year.