Inflation accelerates further in UK to six-month high

Inflation threats returned to dominate the British scene today with the release of CPI and RPI data from the Office of National Statistics, where it unexpectedly ascended levels; highest since May of this year.Cost of living in UK measured by the Consumer Price Index rose by 3.3 percent from a year earlier after ascending last month by 3.2 percent, which exceeds the median estimate of analysts were they projected an unchanged 3.2 percent rise.On a month-on-month basis, CPI rose by 0.4 percent