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.
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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.
The Bureau of Labor Statistics released new numbers about the overall economy, showing modest inflation of .3% last month and 2.7% in the year. Streaming video services were a major outlier and saw an inflation of nearly 20% in the same period.
Although there are signs that inflation is starting to ease, consumers still face pressures from high food prices and other costs.
President Trump says he's winning the war against inflation. But a look at prices around the U.S. shows why many Americans still feel financially squeezed.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
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 climbed at an annual rate of 3% in September, coming in below economists' forecasts as the impact of President Trump's tariffs remain muted.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
The Consumer Price Index is now at 2.9%, up a 0.4% from the previous month.
Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.
The cost of electricity is rising faster than inflation, with one in six households behind on their electric bills.
Prices rose at an annual pace of 2.6% in July, the same rate as the previous month and in line with economist forecasts.
Wages are still lagging behind inflation four years after the pandemic caused prices to soar and created a cost-of-living crisis for many households, a new study finds.
The producer price index, or PPI, surged last month, far outpacing economists' forecasts and suggesting that President Trump's tariffs are starting to significantly drive up the cost of imported goods.
Americans are reining in their spending at fast-food restaurants as they continue to face economic uncertainty.
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.
Economists caution new tariffs could pose economic risks, but the White House says growth is rebounding amid low inflation.
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.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
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.
McDonald's is reviving its long-lamented Snack Wrap and leaning into affordable eats as it looks to reverse a rare sales slump.
Iranian Supreme Leader Ayatollah Ali Khamenei is presumed dead after a massive U.S. and Israeli military operation Saturday, multiple Israeli official sources and a senior U.S. intelligence official told CBS News.
Americans weighed in on how long a conflict with Iran might last and what Congress should do.
Illinois leaders and Chicago communities are reacting after the United States and Israel announced a major military operation against Iran early Saturday.
A teen was shot during a robbery on Chicago's West Side early Saturday morning.
Rev. Jesse Jackson's casket will head to South Carolina on Saturday and then Washington D.C. for more memorial services.
Iranian Supreme Leader Ayatollah Ali Khamenei is presumed dead after a massive U.S. and Israeli military operation Saturday, multiple Israeli official sources and a senior U.S. intelligence official told CBS News.
Americans weighed in on how long a conflict with Iran might last and what Congress should do.
Trump ally Sen. Lindsey Graham said the operation would be "violent, extensive and I believe, at the end of the day, successful."
President Trump says his objective in attacking Iran "is to defend the American people by eliminating imminent threats" from the regime in Tehran. Read his full statement and watch the video here.
The U.S. and Israel attacked Iran, which responded with retaliatory strikes on U.S. bases in the region.
Palatine, Illinois-based Weber has issued a recall of more than 3.2 million metal wire bristle grill brushes because you could ingest the bristles.
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.
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.
Not one, but two hotels are now planned or proposed for Chicago's Northalsted LGBTQ+ nightlife district.
After the Double Door closed in Wicker Park, there was reassurance that the Double Door would return, at a new location in the city's Uptown neighborhood. Now that is not happening anymore.
Barnes & Noble was set to reopen in Skokie on Wednesday, just weeks after it closed.
Trader Joe's is opening a new location in Chicago's Logan Square neighborhood.
The district laid out a $630 million plan to remake Soldier Field into a major concert venue and events space.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
A 19th-century George Méliès film, thought to be long lost, has been found among a box of brittle movie reels that a Michigan donor brought to the Library of Congress, officials said.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
After the Double Door closed in Wicker Park, there was reassurance that the Double Door would return, at a new location in the city's Uptown neighborhood. Now that is not happening anymore.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
World leaders are reacting to the strike on Iran carried out by the U.S. and Israel.
University of Chicago professor of political science Paul Poast joins CBS News Chicago.
Zuni is looking for a forever home and would thrive in a house with another dog.
Snow is on the way for areas near Chicago as a temperatures drop takes effect.
Chicago police are investigating a deadly shooting in the Chicago Lawn neighborhood.
Iranian Supreme Leader Ayatollah Ali Khamenei is presumed dead after a massive U.S. and Israeli military operation Saturday, multiple Israeli official sources and a senior U.S. intelligence official told CBS News.
Illinois and Chicago communities are reacting after the United States and Israel announced a major military operation against Iran early Saturday.
Trump ally Sen. Lindsey Graham said the operation would be "violent, extensive and I believe, at the end of the day, successful."
The U.S. and Israel are attacking Iran, which is responding with attacks on U.S. bases in the region, as President Trump confirms "major combat operations."
Americans weighed in on how long a conflict with Iran might last and what Congress should do.
If you feel like you're drowning in a sea of text alerts and desperate email pleas for "just $5" this election season, you are far from alone.
A north suburban school bus driver became a victim of sophisticated scammers who are targeting more people and more vulnerable populations to make more money.
Both couples are still actively fighting for their kids, knowing it will be a long and complicated road.
The mother of an 8-year-old boy who was allegedly put in a chokehold and dragged by the neck by a Chicago Public Schools employee hopes her lawsuit and choice to speak out will help protect students in the future.
A jury on Wednesday awarded $5.74 million in damages to a Chicago family who accused police of violating their civil rights in a botched raid of their home in 2018.
Morez Johnson Jr. had 19 points and 11 rebounds against his former team as No. 3 Michigan defeated No. 10 Illinois 84-70 and clinched Big Ten regular-season title.
It's already been a historic season for the University of Chicago men's basketball team, and they still have one big goal out in front of them.
Ryan O'Reilly scored with 3:16 remaining and the Nashville Predators scored three times in the third period in a 4-2 win over the Chicago Blackhawks in the teams' first game following the Olympic break.
Jerami Grant scored 27 points and the Portland Trail Blazers held on for a 121-112 victory over Chicago that sent the Bulls to their 11th straight loss.
Nearly five years after the Bears first announced their bid to buy the former Arlington International Racecourse with the aim of turning the site into a new stadium, the Illinois General Assembly will begin considering a bill to push the plan ahead.
A judge has sentenced a Wisconsin man who forged threats against President Donald Trump as part of a deportation scheme to 16½ years in prison.
A man has been charged with shooting and killing a father and son following a jewelry store robbery last November in the Little Village neighborhood of Chicago.
Two men are charged with filing a false police report, claiming they were robbed of millions of dollars worth of jewelry.
Chicago police issued an alert Thursday about a rash of criminal sexual assaults that have happened on one block on Chicago's West Side, committed by a man who lures his victims by setting up dates through an escort app.
Chicago police issued a community alert Thursday about a string of smash-and-grab burglaries targeting businesses on the city's North and Northwest sides.
