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.
Argentina's economy is at rock bottom. So far, President Mauricio Macri has failed to reduce the country's vast budget deficit and boost competitiveness. The increase in interest rates in the US saw many investors withdraw capital from emerging economies - another blow to Argentina. Although it's had financial aid from the IMF, inflation is still soaring.
Venezuela has been suffering from severe hyper-inflation, leading to food and medicine shortages. Millions of people have already left the South American country in search of a better life elsewhere. The crisis has spilled over into other countries in the region, as Venezuela's neighbors Brazil and Colombia struggle to cope with the influx of refugees.
Since 2015, a political crisis has forced three million Venezuelans to flee their homes amid crippling inflation and food shortages. About a quarter of a million of them are currently living in Colombia's capital city of Bogota. Increasingly becoming targets of violence amid rumors that they're taking jobs and causing a rise in crime, these refugees are wondering whether they should stay or go.
G20 host Argentina finds itself in a deep economic crisis. The budget deficit last year was almost 4 percent of economic output and inflation rose to around 20 percent in July. More and more Argentinians are living below the poverty line and small businesses can hardly survive.
In Venezuela, as inflation tops one million percent, those who are able to are turning to the US dollar as a stable alternative to the national currency. Stores where products are priced only in US dollars are springing up in Venezuelan cities – but they’re out of reach for those who the currency crisis has hit hardest.