In India, the central bank unexpectedly left interest rates unchanged last month after inflation accelerated.

FORBES: The Braking Of The BRICs

Separate figures showed that Chinese inflation accelerated in July, as floods destroyed crops and disrupted transport routes, driving up food prices.

BBC: Chinese industrial growth slows again

Wages before inflation accelerated to 14% year over year versus 12.5% year over year in May, which meant real wage growth rose to 4.2% yoy vs. 2.6% yoy in May.

FORBES: Russian Economic Indicators Improving

In the U.K. itself, government figures showed that consumer price inflation had accelerated in October at an annualized rate of 1.5%, after hitting a five-year low of 1.1% in September.

FORBES: Euro Area Swings To Surplus

Consumer price inflation in February accelerated at 10.91% compared with 10.79% in January.

WSJ: India Factory Output Improves

First, the rate of consumer price inflation including energy and food has accelerated into the mid single digits.

FORBES: An "All-In" Bet By Fed Chairman Ben Bernanke

The unintended consequence of using gold as a backing for the U.S. dollar was that as inflation within the U.S. accelerated, the U.S. dollar was effectively devalued and created an arbitrage opportunity.

FORBES: The Alchemy Of Gold

While tradable inflation moderated slightly, non-tradable and regulated prices such as energy accelerated once again, on the back of service price increases.

FORBES: Brazil Inflation Going To Six

Core consumer price inflation, which excludes the volatile categories of food and fuel, has accelerated, to 2.6% at an annual rate in the three months to February.

ECONOMIST: America's housing market