Inflation is generally understood to be a sustained hike in the price level of goods and services. Most economists favor relatively low and stable inflation rates for a nation's economy to work smoothly.
But the eurozone currently has to grapple with an inflation rate considered far too low to be anywhere near the ECB's recommended target rate of little under 2 percent. This page collates the latest DW content on the topic.
Venezuela is thought to have the highest inflation rate in the world. As the value of the country's currency, the bolivar, continues to plummet, some tech companies have been carving out a niche for themselves by offering mobile payment options.
While the Mexican economy may not be performing badly, there’s very little reason to for ordinary people to celebrate. Rising inflation means the prices of everyday products are rising – fuel prices rose considerably in 2017. And now the same is happening to tortilla.