CPI rose at an annual rate of 2.4% in January, cooler than expected
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Watch CBS News
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
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 robber who lures victims on dating apps to one specific block in Chicago's Woodlawn neighborhood has struck again.
At least three Illinois Democratic lawmakers are planning to boycott President Trump's State of the Union address on Tuesday.
Gary, Indiana, has begun its third annual "demolition blitz," a coordinated campaign to tear down unsafe homes and revitalize local communities.
"Abolish ICE," a tongue-in-cheek reference to protests against the Trump administration's immigration enforcement efforts, was among the six the winners of this year's Chicago snow plow naming contest.
Nemesio Rubén Oseguera Cervantes — known as "El Mencho" — was the boss of one of the fastest-growing criminal networks in Mexico.
At least three Illinois Democratic lawmakers are planning to boycott President Trump's State of the Union address on Tuesday.
The City Council in Harvey, Illinois, was set to try again to appoint a new mayor at a Monday night meeting.
An armed man was shot and killed early Sunday morning after "unauthorized entry" into the secure perimeter at President Trump's Mar-a-Lago estate, the U.S. Secret Service said.
Homeland Security Secretary Kristi Noem said in a statement that TSA and Customs and Border Protection are "suspending courtesy and special privilege escorts."
Gov. JB Pritzker is demanding President Trump refund the state of Illinois more than $8 billion after the U.S. Supreme Court struck down his sweeping reciprocal tariffs Friday.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
Protesters on Tuesday were cranking up the heat on Peoples Gas over a recently proposed rate hike that would add an additional $10 to $11 a month to utility bills.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Chicago's Lurie Children's Hospital said Tuesday that it is no longer initiating gender-affirming medical treatment for minors.
The district laid out a $630 million plan to remake Soldier Field into a major concert venue and events space.
Lizard's Liquid Lounge announced recently that it will be closing for good in April after 18 years on Chicago's Northwest Side.
BP refinery workers in Northwest Indiana hit the picket line this past weekend as they escalate their fight for a contract.
Funkytown has now received a $3.7 million grant from the City of Chicago. The money will be used to create a new brewery and tap room on the Near West Side.
With his name now hanging in the rafters, former Chicago Bulls guard Derrick Rose is helping the United Center with its major redevelopment.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
Garth Brooks, Ed Sheeran, Post Malone and Jelly Roll are among the artists headlining in the 2026 SummerFest in Milwaukee this summer.
Anderson Cooper will report multiple stories for "60 Minutes" before the end of the television season in May.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
U.K. police have arrested former British Ambassador to the United States Peter Mandelson in connection to a misconduct probe over his ties with Jeffrey Epstein.
More than 41 million people are under blizzard warnings as a historic nor’easter slams the Northeast and Mid-Atlantic.
Meteorologist David Yeomans has your 11 a.m. First Alert Weather forecast for Monday, Feb. 23, 2026.
President Trump is pushing ahead with new tariffs in the wake of the Supreme Court decision which wiped out many of the previously announced tariffs.
During celebrations, FBI Director Kash Patel was seen excited and fist-pumping with the team.
Two women died early Monday after being rescued from a house that had been engulfed in flames in the west Chicago suburb of Northlake.
Some Chicago area residents currently in Puerto Vallarta recounted hearing explosions and saw thick black smoke billowing from cars and businesses throughout the city.
The district laid out a $630 million plan to remake Soldier Field into a major concert venue and events space.
"Abolish ICE," a tongue-in-cheek reference to protests against the Trump administration's immigration enforcement efforts, was among the six the winners of this year's Chicago snow plow naming contest.
A robber who lures victims on dating apps to one specific block in Chicago's Woodlawn neighborhood has struck again.
A family-owned toy company in north suburban Vernon Hills played a pivotal role in the surprise Supreme Court ruling Friday that struck down most of President Trump's tariffs.
The city of Chicago is about to write some big checks to thousands of vehicle owners who had their cars, vans, or trucks towed by the city without the proper warning.
Gary residents hoped the new partnership between U.S. Steel and Japanese company Nippon Steel would mean changes to how much coal is being used and how much emissions are being released, but that's not what's in the works.
Chef Art Smith said the carjacking and fatal shooting of his employee, Darwin Tirado, 22, was devastating not only to his family but also to the larger community.
A state lawmaker is joining the growing call for accountability from the Illinois Department of Children and Family Services about past abuse allegations before an 8-year-old boy's murder.
The district laid out a $630 million plan to remake Soldier Field into a major concert venue and events space.
The Bulls played without injured guards Jaden Ivey and Anfernee Simons, both acquired at the trade deadline.
Consistency is key for Busch, which is something he learned from his game last season.
Sader Servilus' 13 points off of the bench helped Valparaiso to a 71-67 victory over UIC on Saturday.
Jaiden Glover and Dasear Haskins each scored 23 points as Saint Joseph's beat Loyola Chicago 75-61 on Saturday.
A robber who lures victims on dating apps to one specific block in Chicago's Woodlawn neighborhood has struck again.
Nemesio Rubén Oseguera Cervantes — known as "El Mencho" — was the boss of one of the fastest-growing criminal networks in Mexico.
Police in the northwest Chicago suburb of Des Plaines, Illinois on Sunday were investigating a domestic incident in which one person was injured and another died of a self-inflicted gunshot wound.
Two men stood charged Sunday with robbing a 16-year-old boy on a CTA Red Line train on the city's South Side last week.
At least one person was injured in a shooting on I-57 on Chicago's South Side early Sunday morning.
