Russia's inflation has reached 9.5% this year, according to new weekly data showing that the consumer price index rose by 0.33% in the week leading up to Dec. 23, the statistical agency Rosstat reported on Wednesday.

Bank interest rates on deposits and loans rose much higher than the central bank's key rate, causing a slowdown in lending activity.

Inflation in the U.S. showed signs of cooling in November as price increases slowed sharply after two months of gains.

The Federal Reserve’s preferred inflation gauge moved slightly higher in November — but not as much as economists were expecting, an indication that price hikes aren’t accelerating in a worrisome fashion.

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President-elect Trump is vowing to enact new tariffs next year when he takes office. Trump also is reiterating his promise of mass deportations. Democratic strategist Basil Smikle and Washington Post national political reporter Sabrina Rodriguez join Christina Ruffini to share their political analysis.

Brazil economists raised their forecasts for inflation and borrowing costs in 2025 after central bankers reinforced their commitment to extend jumbo interest rate hikes into early next year.

Inflation reaccelerated in November by the measure preferred by policymakers at the Federal Reserve, but not as much as forecasters had expected.

People who redeem their rewards quickly tend to get the most value overall due to inflation and rewards program devaluations. The high interest rate credit cards often come with can also quickly eat into your rewards value if you don't pay off your statement balance by your next billing cycle.

The Personal Consumption Expenditures index climbed 2.4 percent from a year earlier, though the report’s details were more subdued than expected.

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Mexico’s annual inflation slowed slightly less than expected in early December as the central bank extends its interest rate cuts.