By default, our extensions don't provide any specific method for this scenario. However, it's possible to accomplish this task by creating a special helper method which will take an original text as a parameter, and return a localized text defined in resources. If your data is stored in .xml, create several files for different cultures and dynamically assign them based on the current culture.
This example illustrates the both ideas.
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DataEditors - How to localize data items based on the current culture
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