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.
An Air Quality Alert is in effect for nearly the entire Chicago area for high levels of ozone pollution during enduring hot and stagnant weather.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
The family of a woman who was shot and killed by a police officer in north suburban Mundelein in May is demanding accountability.
Neither of the victims of the ICE shootings in Maine or Texas were the target of enforcement operations, according to the Department of Homeland Security.
United Airlines has a solution to passengers squabbling over who gets the armrest: empty middle seats.
Of the 162 employees, 82 were from central office positions and the remaining 80 were from those citywide positions, CPS said.
The City Council Finance Committee on Monday backed a plan to spend $425 million in taxpayer funds for new roads, utilities, and other infrastructure supporting Chicago Fire FC's new South Loop stadium in the megaproject known as The 78.
South Carolina Gov. Henry McMaster announced his pick to fill the vacancy left by Sen. Lindsey Graham's death.
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
U.S. Sen. Dick Durbin (D-Illinois) issued a statement honoring the late Sen. Lindsey Graham (R-South Carolina), who died this weekend.
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.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
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.
The north Chicago suburb of Glenview became the latest Illinois municipality this week to confirm mosquitoes testing positive for the West Nile virus this year.
Environmental and community groups are suing the U.S. Environmental Protection Agency for failing to act on a petition challenging U.S. Steel Gary Works operating permit renewal.
In the four years since Roe v. Wade was overturned and Illinois became a destination for abortion care, Illinois providers and advocates have rebuilt the state's infrastructure to support the tens of thousands of people who travel to the state for abortion services every year.
Illinois American Water and Aqua Illinois are both seeking rate increases that would raise monthly bills by as much as $28, while their parent companies seek regulatory approval to merge — a deal a consumer watchdog says would give one company control of nearly all regulated water customers in the state.
The Federal Trade Commission and attorneys general from several states secured a right-to-repair settlement Wednesday with agriculture equipment giant Deere & Co. — commonly known as John Deere — that requires the company to let farmers and independent shops fix their own equipment.
Chicago Soul Café opened Monday at 6248 S. St. Lawrence Ave.
The Chicago Bears this weekend said they are assessing land at Wolf Lake Terminals in Hammond, Indiana, for a possible new stadium.
As an alternative to legalizing video gambling terminals citywide, Bally's offered to open slot machine lounges at O'Hare and Midway, saying the move would replace the $6.8 million the city budgeted from VGTs.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The 46th Taste of Chicago is cashless for the first time, accepting only credit cards, with a drone and fireworks show scheduled for approximately 9:15 p.m. Friday near Buckingham Fountain.
The Chicago Symphony Orchestra's summer home in Highland Park reopened after a $70 million gut renovation that redesigned the stage to reduce sound levels harmful to musicians.
Bonnie Tyler, the Welsh pop star best known for singing the chart-topping power ballad "Total Eclipse of the Heart" in 1983, has died. She was 75.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
Meteorologist David Yeomans has your 11 a.m. First Alert Weather forecast for Tuesday, July 14, 2026.
The Illinois Department of Public Health is reporting over 215 cases statewide amid outbreaks in other states.
More strikes have been launched by the U.S. and Iran after a ceasefire over the Strait of Hormuz fell apart.
The second fatal ICE shooting in Maine in two weeks have increased calls for answers and accountability. ICE is reportedly halting most vehicle checks in the wake of the killing.
Members of the Chicago Teachers Union blamed some of the cuts in the Chicago Public Schools system on a chronic problem with property taxes. Lauren Victory reports.
The Illinois Department of Public Health is reporting over 200 cases statewide amid outbreaks in other states.
The family of a woman who was shot and killed by a police officer in north suburban Mundelein in May is demanding accountability.
Of the 162 employees, 82 were from central office positions and the remaining 80 were from those citywide positions, CPS said.
It comes after the office said that its Marine Unit was assisting fire personnel in the search for a missing swimmer in Myers Bay, who went under earlier in the evening.
An Air Quality Alert is in effect for nearly the entire Chicago area for high levels of ozone pollution during enduring hot and stagnant weather.
Chicago is bracing for another heat wave, less than two weeks after the last one. This time, the heat comes with air quality concerns.
The university released what it's called a strategy statement about the impact it's already seeing artificial intelligence make on higher education and the legal profession.
New Cook County State's Attorney Eileen O'Neill Burke is fighting innocence claims more often than her predecessor, Kim Foxx, and hiring outside counsel to help.
On Tuesday evening, CBS News Chicago reported on wild weeds taking over a property in the South Side's Washington Heights neighborhood, and neighbors who said they spent months trying to get help.
Kevin Jackson was wrongfully convicted of murder and spent 22 years in prison before he was freed. Now he has realized his dream by starting a landscaping business. But his quest to be declared innocent continues.
The Cliburns are one of 10 sets of twins in MLB history to reach the major leagues.
Paige Bueckers had 22 points and 11 assists, Jessica Shepard added 19 points and 10 rebounds, and the Dallas Wings beat the Chicago Sky 96-91.
Chicago (50-45) swept the three-game series by outscoring the A's 24-2 after getting swept in three games against Boston.
Chicago took two of three from the Reds and entered the All-Star break at 54-42, in position for an NL wild card and five games back of NL Central-leading Milwaukee.
Michael Busch had three hits and Carson Kelly also went deep for the Cubs, who improved to 3-2 on their six-game trip before the All-Star break.
Burglars smashed into a gas station minimart in the south Chicago suburb of Calumet City, Illinois, early Monday.
Armed robbers held up a restaurant in Chicago's Roseland community early Monday morning, police said.
Burglars tried unsuccessfully to take an ATM from a store in Chicago's West Town community early Monday, police said.
A person was shot early Monday morning on Interstate 57 in Chicago's south suburbs in what a source said was a road rage incident.
A woman has been charged after a burglary and standoff in Aurora, Illinois, this weekend.
