US President Joe Biden warns that inflation could last "for a while" after data showed that politically sensitive price pressures unexpectedly accelerated in recent weeks.

In the latest ABC News/Ipsos poll, more than 80 percent of Americans said the economy and inflation were an extremely or very important factor shaping up their vote this fall.

Iran’s statistics agency says annual inflation rate declined slight in May to stand at 38.7%.

Iran’s statistics agency reports a first annual inflation rate of below 40% in over 12 months.

US President Joe Biden's public approval rating fell to 41% this week, a new poll shows, amid a high inflation rate in the country.

People across Britain will face difficult choices to warm their homes in the coming months with energy costs surging by a whopping 54 percent, effective April 1.

Iran’s statistics agency figures show annual inflation dropped 1% to 41.4% in February.

Turkey’s President Recep Tayyip Erdogan has vowed to rein in the country’s alarmingly surging inflation and reaffirmed his support to low interest rates, despite growing skepticism over his economic policies.

With the government set to release data expected to show US prices rising even higher, President Joe Biden is attempting to downplay the reading and highlight recent improvements not captured by the report.