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.
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.