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Annual inflation accelerated to 79.5% in May, from 29.5% the previous month.
The euro fell after the German and French economies grew less than expected and inflation accelerated.
China's consumer-price inflation accelerated to 5.5% in the year to May.
In South Africa, consumer-price inflation accelerated to 5.4% in the year to August.
Argentina's economic woes intensified as consumer-price inflation accelerated to 36.7% in the year to August.
By the middle of the 1970's, inflation accelerated and the Fed intervened, producing a prolonged recession.
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If inflation accelerates, the TIPS owner is protected.
Higher unemployment would then be necessary to stop inflation accelerating.
See articleThe commodity effectA range of data from various countries showed inflation accelerating during March.
The third possibility is that inflation accelerates rapidly as central banks lose control; in that case, buy commodities, especially gold.
Stocks were little changed yesterday as two Federal Reserve reports on manufacturing stirred concern that the economy was slowing and inflation accelerating in the wake of Hurricane Katrina.
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