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.
The district said the closures are due to "widespread storm impacts, including power outages and damage."
Chicago's Jalen Smith converted two free throws with 1.4 seconds left in regulation to send the game into OT, and Tre Jones contributed 22 points for the Bulls
Chicago police said the suspect and the victim were fighting before the stabbing occurred.
Police said the suspect allegedly punched the victim in the face, causing him to fall and lose consciousness.
Two popular Chicago craft breweries – Half Acre Beer Co. and Maplewood Brewery & Distillery – announced on Tuesday they are merging to create a new "premier Chicago beverage company."
Mayor Brandon Johnson has scheduled a special City Council meeting on Wednesday to honor the late Rev. Jesse Jackson and vote on an ordinance aimed at providing new protections at Chicago polling places.
Chicago Mayor Brandon Johnson is making the rounds on different podcasts, and this past weekend, he brought the podcasters to the West Side.
Defense Secretary Pete Hegseth said Tuesday that it would be the "most intense day" of strikes against Iran so far.
From the final forum featuring candidates looking to replace Dick Durbin to AI being used to endorse a candidate. Here's what's happening before the polls open next week.
A conservative Wisconsin Supreme Court justice first elected in 2007 will not seek a third 10-year term next year.
Officials in the north Chicago suburb of Wilmette issued a warning Tuesday about scammers who are impersonating representatives of village departments.
The war with Iran is causing gas prices to surge, with motorists in Chicago and around the country guaranteed to feel the impact at the pump Monday morning.
There's no relief in sight for drivers at the pump as the war in Iran is directly driving up the cost of gas. Analysts expect more of the same unless something changes soon.
Drivers in the Chicago area can expect to start paying more at the pump this week, as oil prices have spiked amid the U.S.-Israeli war on Iran.
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.
Illinois Gov. JB Pritzker on Monday announced a $1.5 billion investment from biotherapeutics company CSL for a new plasma therapy manufacturing plant in Kanakee.
When a doctor was told there was no cure for his daughter's condition, he was motivated to transform not only her health, but the lives of thousands of others.
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.
Two popular Chicago craft breweries – Half Acre Beer Co. and Maplewood Brewery & Distillery – announced on Tuesday they are merging to create a new "premier Chicago beverage company."
Illinois Gov. JB Pritzker on Monday announced a $1.5 billion investment from biotherapeutics company CSL for a new plasma therapy manufacturing plant in Kanakee.
Capital One is laying off more than 1,100 workers at the former Discover headquarters in north suburban Riverwoods.
A new development at the southeast corner of Chicago's East Lakeview community would clear away a medical office building and replace it with a residential high-rise.
The City of Aurora, Illinois, is seeking input from residents about data center development.
Jennifer Runyon, a Chicago native who became famous as an actress appearing in "Ghostbusters" and "Charles in Charge," died last week.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
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.
Newton County Sheriff Shannon Cothran is advising residents to remain home and not to assess damage caused by severe storms for themselves.
Meteorologist David Yeomans is continuing to track the next round of severe storms impact Chicago and surrounding areas.
Severe storm activity, including tornadoes and thunderstorms, left grapefruit-sized hail and damaged vehicles, homes, and businesses. Here's a look at the damage through the eyes of CBS Chicago viewers.
Homes in Aroma Park were left damaged with roofs and siding ripped off after a reported tornado touched down on Tuesday.
Fire crews say they are assisting people who were trapped after a tornado touched down in Kankakee on Tuesday afternoon.
Emergency crews are assessing damage after a tornado touched down, damaging homes in Kankakee, Illinois, amid an outbreak of severe weather.
The body of a Chicago father who went missing in November 2025 has been found in Blue Island, his daughter said.
The district said the closures are due to "widespread storm impacts, including power outages and damage."
Chicago police said the suspect and the victim were fighting before the stabbing occurred.
A Lake County judge ordered a Fox Lake woman to remain behind bars on Tuesday, following her arrest on charges accusing her of abusing her 11-year-old son for years.
A Chicago senior citizen said his phone has been ringing off the hook with hundreds of unwanted spam calls that have made his beloved landline virtually unusable. New efforts in Springfield could bring real relief.
A proposed Illinois law hopes to create more oversight on private companies to protect consumers from skyrocketing utility prices.
The three women said they are working to make their way back home, but without any help from the U.S. State Department.
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.
Chicago's Jalen Smith converted two free throws with 1.4 seconds left in regulation to send the game into OT, and Tre Jones contributed 22 points for the Bulls
The Detroit Lions are losing another player, this time it's wide receiver Kalif Raymond, who is reportedly heading to the Chicago Bears.
Chicago, which had lost three in a row, including a 4-3 setback to Dallas on Sunday night, has now won all three meetings with Utah this season, with the teams' fourth and final game of the season scheduled for Thursday night.
The Chicago Bears have been busy bolstering their defense on the first day of free agency, signing linebacker Devin Bush Jr., safety Coby Bryant, and defensive tackle Neville Gallimore, according to reports.
Sacramento outscored the Bulls 68-36 in the paint.
A Lake County judge ordered a Fox Lake woman to remain behind bars on Tuesday, following her arrest on charges accusing her of abusing her 11-year-old son for years.
A 75-year-old man was due for a detention hearing Tuesday in a shooting that killed two women, ages 68 and 71, on Chicago's Far South Side this past weekend.
Chicago police said they apprehended two women early Tuesday morning after the women broke into a grocery store in Chicago's Old Town neighborhood and stole some merchandise.
The suspect was taken to Mt. Sinai with multiple gunshots to the upper body and was pronounced dead, CPD said in an update on Monday night.
The man charged with the execution-style murder of a bar owner last month in far south suburban Momence has pleaded not guilty.
