Articles of clothing are exchanged for a bag of pasta, some sugar, a few biscuits. Some items sell for a few hundred pesos -- the equivalent of a few dimes.

The so-called core consumer price index, considered a better gauge to measure price increases, was below expectations in October

The US Federal Reserve is prepared, if needed, to hike interest rates further in order to bring inflation down to its long-term two percent target, Fed Chair Jerome Powell said Thursday.

Analysts and traders parsing recent Fed speeches overwhelmingly expect the US central bank to hold rates steady for the second meeting in a row as it looks to return inflation to its long-term target of two percent.

Analysts have raised fears of a downturn as the US central bank started lifting interest rates rapidly last year to fight inflation, but the world's biggest economy has so far defied these predictions

A decision to stand pat would end a streak of 10 straight hikes that has seen interest rates climb faster and further than ever.

Consumer prices in the 20-nation currency bloc rose at an annual rate of 4.3 percent in September, its lowest rate in almost two years. The figure remains clearly above the ECB's two-percent target, but the pain of rising interest rates has been increasingly felt across the bloc.

US inflation is "still too high" despite a recent slowdown, Federal Reserve Chair Jerome Powell said Thursday, leaving the door open for a new interest rate hike.

Argentina is Latin America's third-largest economy, bursting with natural resources, but has been unable to claw its way out of decades of economic instability that has brought its population to its knees.

This is the sixth time the bank has raised its key rate in the same year.

The consumer price index (CPI), a closely watched inflation gauge, rose 3.7 percent from a year ago, the same rate as in August, the Labor Department said.

The US Federal Reserve's fight against inflation seems to be heading in the right direction, while the US economy remains resilient, a senior Fed official said Wednesday.

Strains in China's vast property market also prompted the WTO to cut its trade growth forecast to just 0.8 percent this year, less than half the increase it had previously projected.

Tiago Codevilla, 17, has only ever known his country, Argentina, bedeviled by inflation and economic woes, his parents constantly short of money and cursing those in power.

After 11 interest rate increases since March last year, inflation has fallen sharply but remains stuck stubbornly above the Fed's long-run target of two percent per year -- keeping pressure on officials to consider further policy action.

Latino voters in Colorado have identified key issues related to economic concerns for elected officials to prioritize at both local and national levels.

Many milongas in the capital have had to close amid spiraling inflation that reached 95 percent last year as fewer and fewer can afford to hire live musicians.

Voters in Argentina will go to the polls Sunday for the national primary elections that will determine party candidates for the October presidential race.

American families looking to buy Christmas trees for the season may end up paying a little more than usual due to shortages and price hikes, causing some farmers to mark up their prices to 20%. 

Brazil's GDP growth is reported to be less than expected, prompting fears of an economic slowdown even as the country posts its highest trade surplus in decades.

The Argentinian government created a new exchange rate exclusive for tourists on Friday that would allow them to get more of the local currency per dollar than they would in the official exchange.

Argentina is facing some of the world’s highest inflation, and under the current government’s cumulative inflation, it could climb above 300% by the end of 2022.

The inflation rate in Venezuela has hit over 300% in the past three months, as business partners in the country's oil industry are looking to leave even as they incur a loss when they do so.

Vladimir Putin went to visit injured Russian troops for the first time since sending military invading forces to Ukraine in a new charm campaign launched by the military.

The cost of living in Russia is rising, a result of the international sanctions set for their invasion of Ukraine.

With inflation at a 40-year high, President Joe Biden on Wednesday signed an executive order instructing the Treasury and Commerce Departments and corresponding agencies to report back to him on the future of money as the country explores if it should create its own crypto-like U.S. Central Bank Digital Currency.  

The United States and other countries are expected to feel the pinch of inflation and rising oil prices with Russia carrying out its feared invasion plans.

US President Joe Biden reacts to an inflation-related question by journalist, calling him a "wise-guy."

The approval rating of US President Joe Biden has been dropping according to an ABC/ Ipos poll.

It's the second minimum wage hike in 2014 in Venezuela, where inflation hit 56 percent in 2013.