CPI report shows inflation continued to climb in September
Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
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Inflation last month rose at an annual rate of 3%, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
The Bureau of Labor Statistics released the first piece of economic data since the shutdown began. Delayed more than a week, the Consumer Price Index shows the inflation rate ticked up in September to 3%. Kelly O'Grady has details.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
Food prices started rising rapidly during COVID-19. Since then, food inflation has slowed, but prices are still going up. Jo Ling Kent reports.
The latest Consumer Price Index shows overall prices rose by nearly 3% on an annual basis last month. There were more warning signs about the labor market. Kelly O'Grady explains.
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
The Consumer Price Index rose 2.9% in August compared to a year earlier, moving away from the Federal Reserve's 2% annual target. Jobless claims also rose to the highest level since October 2021. CBS News' Kelly O'Grady breaks it down.
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
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The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
New government data shows the cost of consumer goods increased slightly last month, but the true effect of the higher tariffs haven't hit consumers yet. Jo Ling Kent explains.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Beef costs around the U.S. surged to a record high in May. What's driving that jump, and are prices likely to ease up?
The latest Consumer Price Index (CPI) report shows that U.S. inflation rose by 0.1% in May, which is less than expected. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down. Also, CBS News' Natalie Brand has the latest updates from the White House as President Trump boasts about an agreement with China being close to the finish line.
The average cost of one pound of ground beef reached a record-high of $5.80 in April, according to numbers from the Bureau of Labor Statistics.
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The April consumer price index, a key gauge of U.S. inflation, came in slightly lower than economists expected at 2.3% in April, but was still higher than the Federal Reserve's 2% goal. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
The Consumer Price Index for April showed a 2.3% rise on an annual basis, which was lower than economists had predicted. CBS News MoneyWatch correspondent Kelly O'Grady reports.
A new study from SmartAsset reveals varied increases in grocery prices depending on where you live.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
Voters headed to the polls in Virginia, New Jersey, California and New York City, in the biggest races since President Trump's win. Follow live results here.
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The Senate failed for the 14th time to advance a bill to end the government shutdown, now the longest in U.S. history. Follow live updates here.
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A Democratic Socialists of America leader says New York City Mayor-elect Zohran Mamdani offers a "powerful way forward" for Democrats — but some moderates worry he'll hand the GOP "a pretty potent set of weapons" in next year's midterms.
Dating back to early September, the Trump administration has reported well over a dozen such strikes in the waters of the Caribbean and eastern Pacific Ocean off South America.
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Senators are discussing a deal that would fund the government alongside long-term appropriations bills in exchange for a vote on extending health care tax credits.
A Democratic Socialists of America leader says New York City Mayor-elect Zohran Mamdani offers a "powerful way forward" for Democrats — but some moderates worry he'll hand the GOP "a pretty potent set of weapons" in next year's midterms.
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Democrat Abigail Spanberger will be Virginia's next governor, CBS News projects, defeating Republican Winsome Earle-Sears after a race dominated by President Trump.
Transportation Secretary Sean Duffy said the agency may need to close "certain parts" of the nation's airspace if the shutdown drags on.
Shareholders to decide this week whether to grant Musk, the world's richest person, one of the richest compensation packages in corporate history.
The breakfast chain's deal to go private comes after it closed some locations and struggled to boost sales.
High-voltage batteries can fail and cause a fire while the vehicles are either parked or in motion, federal regulators warn.
The USDA said it would provide partial food stamp benefits for November, but it's unclear exactly when participants will get those funds.
At the beginning of October, Jay Jones' violent text messages from in 2022 resurfaced and were condemned by both parties.
A Democratic Socialists of America leader says New York City Mayor-elect Zohran Mamdani offers a "powerful way forward" for Democrats — but some moderates worry he'll hand the GOP "a pretty potent set of weapons" in next year's midterms.
Zohran Mamdani, a 34-year-old democratic socialist state assemblyman from Queens, will be New York City's 111th mayor.
Democrats are set to sweep Tuesday's gubernatorial races in New Jersey and Virginia, with Mikie Sherrill and Abigail Spanberger projected to win.
Democrat Mikie Sherrill is set to be the next governor of New Jersey after she defeated Republican Jack Ciattarelli, CBS News projects.
States, counties, and cities are receiving millions in opioid settlement money to address the addiction crisis. The ways they spent the dollars in 2024 sometimes drew criticism.
The Maldives began implementing a smoking ban Saturday on anyone born on or after January 2007, making it the only nation with a generational prohibition on tobacco, the Health Ministry said.
The CDC reported two additional deaths and seven new illnesses tied to a listeria outbreak from meals sold at major grocery chains.
A large study from Massachusetts found that babies whose mothers had COVID-19 while pregnant were slightly more likely to have a range of neurodevelopmental diagnoses by age 3.
Local governments have received hundreds of millions of dollars from the opioid settlements to support addiction treatment, recovery, and prevention efforts.
Dating back to early September, the Trump administration has reported well over a dozen such strikes in the waters of the Caribbean and eastern Pacific Ocean off South America.
Ahead of the announcement Tuesday, Hamas had returned the remains of 20 hostages to Israel under the ceasefire that began Oct. 10.
The raid against the Red Command drug trafficking gang saw thousands of officers battle heavily armed men who dropped explosives on police from drones.
The Israeli military's former top legal official was arrested days after admitting to leaking a video allegedly showing troops abusing a Palestinian detainee.
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"Sunday Morning" looks back at historical events on this date.
The discovery "rewrites decades of research on Earth's most famous predator," the study's co-author said.
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