The Annual Inflation Rate exploded in October, according to the Bureau of Labor Statistics report. Inflation Summary: Annual Inflation highest since October 1990. CPI Index rose from 274.310 to 276.589. Monthly Inflation for October was 0.83% Next release December 10th Inflation for the 12 months ending in October was Up Sharply from September. September 5.39%  October 6.22% Current levels have exploded through the pink resistance line. Exceeding the 5.60% Oil Peak of July 2008, and coming very close to the October 1990 peak at 6.29%. If next month takes it up even slightly we will have to go all the way back to 1982 to see higher inflation.   BLS … [Read more...]