Inflation eased more than expected in June, CPI report shows
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
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Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Although there are signs that inflation is starting to ease, consumers still face pressures from high food prices and other costs.
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 Consumer Price Index is now at 2.9%, up a 0.4% from the previous month.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
The Consumer Price Index, which measures inflation, rose 2.7% on an annual basis in July, slightly cooler than forecasted. Prices, however, continue to be impacted by Trump's tariffs.
More than half of Americans are significantly stressed by the cost of groceries, a survey found, and those prices are likely to continue to rise.
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.
In June, the Consumer Price Index rose 2.7% on an annual basis, a sign inflation around the U.S. is creeping up after declining earlier this year.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
A new study from SmartAsset reveals varied increases in grocery prices depending on where you live.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
Experts tell CBS News it's a sign high inflation still has a hold on the economy, despite the Fed's efforts to tame it.
A shooting shotoing investigation was underway near the Dan Ryan Expressway early Tuesday morning.
Seiya Suzuki, Carson Kelly and Kevin Alcántara each hit a two-run homer, and the Chicago Cubs handed the Los Angeles Dodgers their fourth consecutive loss with a 10-5 victory.
A Chicago Public Schools custodian from Venezuela was detained by ICE when his family went to their asylum appointment a few weeks ago, one of a growing number of immigration arrests across the country.
Seven confirmed tornadoes touched down in the Chicago suburbs one week ago, causing widespread damage, but the storms also brought out the best in some people, including two men who stepped up for their community in a time of need.
A week after seven tornadoes roared through the Chicago suburbs, the lengthy process of cleaning up and rebuilding remained underway on Monday.
Mayor Brandon Johnson's budget director, Annette Guzman, is stepping down from her post, the mayor's office confirmed Monday night.
Mayor Brandon Johnson has yet to announce if he's running for re-election, but certainly sounded like he was giving a campaign speech at a brief press conference on Monday.
Chicago Ald. Byron Sigcho-Lopez (25th) filed a lawsuit last week, taking the Illinois State Board of Elections to task for what he said are unnecessarily high hurdles for third-party candidates to get on the ballot.
Chicago's Mamdani moment might come in the form of a more socialist City Council. The Chicago DSA is working to oust aldermen and advance taxing the rich.
The order came after Republican Senators Thom Tillis and John Cornyn threatened to block Blanche's confirmation for Attorney General if the fund was not rescinded in writing.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
The Old Town Pour House isn't in its namesake neighborhood anymore, but it's returning to the central area of Chicago — specifically in the Loop.
Stella's Diner in Chicago's East Lakeview community has gone out of business.
A Wisconsin appeals court reversed a lower court ruling that had declared Act 10 unconstitutional, keeping the 2011 law limiting public workers' collective bargaining rights in place as unions prepare to appeal to the state Supreme Court.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Mayor Brandon Johnson's budget director, Annette Guzman, is stepping down from her post. Lauren Victory reports.
Illinois State Police are investigating a possible shooting on the inbound Dan Ryan Expressway early Tuesday morning.
Meteorologist Laura Bannon has the extended forecast.
An Illinois State Police trooper has been charged with sexually assaulting a bartender after drugging her and taking her to a hotel last year in southwest suburban Tinley Park.
Chief meteorologist Albert Ramon has the latest First Alert Weather forecast.
An Illinois State Police trooper has been charged with sexually assaulting a bartender after drugging her and taking her to a hotel last year in southwest suburban Tinley Park.
Illinois State Police are investigating a possible shooting on the inbound Dan Ryan Expressway early Tuesday morning.
A Chicago Public Schools custodian from Venezuela was detained by ICE when his family went to their asylum appointment a few weeks ago, one of a growing number of immigration arrests across the country.
Seven confirmed tornadoes touched down in the Chicago suburbs one week ago, causing widespread damage, but the storms also brought out the best in some people, including two men who stepped up for their community in a time of need.
A week after seven tornadoes roared through the Chicago suburbs, the lengthy process of cleaning up and rebuilding remained underway on Monday.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
A clean energy initiative on the South Side of Chicago is increasing access to solar energy and electric vehicle charging stations, and community members say it's making a difference.
A glitch in the Illinois Tollway system earlier this month left about 100,000 drivers with unexpected warnings about unpaid tolls, some dating back about a year.
Chicago's Office of Emergency Management, which oversees roughly 200 traffic aides, says two were seriously injured by drivers this summer — leaving many uneasy on the job as Lollapalooza brings heavy traffic downtown.
Shavonne Worthy said she visited her mother's grave at Oakridge-Glen Oaks Cemetery in Hillside and found an empty hole where the headstone had stood for nearly 10 years — and the cemetery's new owner told her it was removed intentionally.
Seiya Suzuki, Carson Kelly and Kevin Alcántara each hit a two-run homer, and the Chicago Cubs handed the Los Angeles Dodgers their fourth consecutive loss with a 10-5 victory.
The Chicago Cubs acquired pitcher Clay Holmes and outfielder Tyrone Taylor from the last-place New York Mets on Monday for touted infield prospect Jefferson Rojas.
Bears safety Coby Bryant will miss the next 8-10 weeks due to a hyperextended knee, bone bruise and small fracture suffered in Monday's training camp practice, ESPN reports.
The schools announced Monday they have agreed to a four-game home-and-home series.
Ahead of the MLB trade deadline on Monday, the Chicago White Sox have reportedly added right-handed reliever Huascar Brazobán in a trade with the New York Mets.
An Illinois State Police trooper has been charged with sexually assaulting a bartender after drugging her and taking her to a hotel last year in southwest suburban Tinley Park.
Thieves stole an ATM from a gas station in Chicago's Roseland community early Monday.
Two young men and a teenage boy were shot and wounded early Monday in Chicago's Park Manor community.
A man was stabbed late Sunday night in a fight with a woman on Chicago's West Side, police said.
The suspect, identified as 24-year-old Chad Williams, died from a self-inflicted gunshot wound, police said.
