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.
In a sure sign that spring will be on the way before we know it, pet parents in the north Chicago suburb of Evanston can start getting their passes for the city's dog beach.
Gov. JB Pritzker offered his condolences to the family of Ofelia Torres, the 16-year-old who fought to get her father released from ICE detention as she battled a rare and deadly cancer. She died Friday.
A new report finds Loyola and DePaul universities in Chicago are among 41 colleges that appear to push lower-income families toward high-interest Parent PLUS loans.
Former President Barack Obama this past weekend shared new information and new views inside the Obama Presidential Center.
Chicago's DuSable Black History Museum and Education Center was set to celebrate 65 years on Monday.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
An 11th Congressional District candidate, Tedora Brown, was left off the ballot after she was accused of gathering fake signatures to run for office.
It's the second time in as many weeks that government funding has lapsed as Democrats and the White House remain at an impasse over immigration enforcement policies.
Cook County Board President Toni Preckwinkle is seeking a fifth term in office and is facing off against longtime Chicago Ald. Brendan Reilly (42nd) in the Democratic primary.
The Department of Homeland Security officially shut down at 12:01 a.m. on Saturday after Congress failed to pass a bill to fund its operations before a stopgap measure lapsed.
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.
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.
A potential bidding war is taking shape for the Daily Herald, the newspaper of record for suburban Chicago.
A Near West Side diner known for drawing in Blackhawks fans and players is up for sale.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Brad Arnold, the founder and lead singer of the 3 Doors Down has died following "his courageous battle with cancer," the rock band announced Saturday on social media.
Bad Bunny took the stage at halftime for the 2026 Super Bowl. Here's who else performed at Super Bowl 60.
Gamers across the world can now recreate drone strikes in Ukraine from the comfort of their own home, with this newly released game.
Chef D’Andre Carter, cofounder of Soul & Smoke, joins Dana Kozlov to show us some of his Mardi Gras barbecue favorites.
DuPage County officials hope the early voting roller coaster does not deter voters from coming out on Monday. Asal Rezaei reports.
Meteorologist Laura Bannon has your 6 a.m. First Alert Weather forecast for Monday, Feb. 16, 2026.
A new report finds Loyola and DePaul universities in Chicago are among 41 colleges that appear to push lower-income families toward high-interest Parent PLUS loans.
Chicago’s DuSable Black History Museum and Education Center was set to celebrate 65 years on Monday.
Chicago police were conducting a homicide investigation early Monday after a shooting in the city's Englewood neighborhood.
The 11th Congressional District candidate, Tedora Brown, was left off the ballot after she was accused of gathering fake signatures to run for office.
Most retail and food establishments will remain open, but services like mail delivery will be suspended for the federal holiday.
In a sure sign that spring will be on the way before we know it, pet parents in the north Chicago suburb of Evanston can start getting their passes for the city's dog beach.
Gov. JB Pritzker offered his condolences to the family of Ofelia Torres, the 16-year-old who fought to get her father released from ICE detention as she battled a rare and deadly cancer. She died Friday.
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.
Chicago's rodent problem is well known, but a new pilot program testing rat birth control to curb the population in problem areas is underway to help rein it in.
From Kat Abughazaleh to Jason Friedman, some surprising names lead in fundraising in Illinois' primary elections.
The move means the United States Environmental Protection Agency will no longer regulate greenhouse gases emitted from sources like cars, trucks and power plants.
CBS News Chicago is tracking what led to the death of an 8-year-old boy in Round Lake Beach and whether state officials were aware of any red flags before his murder.
Newly acquired Luisangel Acuna was among the White Sox players getting on the field for the first time.
The NBA Hall of Famer bear-hugged Reddick in victory lane and then jointly hoisted the Harley J. Earl trophy with the 23XI Racing driver.
Illinois pulled down 15 offensive rebounds, which led to 17 second-chance points, and outrebounded Indiana 38-25.
Saint Patrick High School in Chicago's Portage Park neighborhood finished third in Class 3A last year in what was a historic moment for the basketball program — marking their first ever trip to Champaign.
Cubs manager Craig Counsell said the plan is to let their players have some freedom, challenging balls and strikes in Cactus League games this spring.
Police early Monday were searching for an attacker who shot and wounded two young men in Chicago's West Ridge or West Rogers Park neighborhood.
Chicago police were conducting a homicide investigation early Monday after a shooting in the city's Englewood neighborhood.
A boy was shot and wounded early Sunday morning in Aurora, Illinois.
Nancy Guthrie, the mother of "Today" show co-host Savannah Guthrie, was last seen on Jan. 31 and was reported missing the following day, Feb. 1.
Chicago police issued a community alert on Sunday after two robberies on the same Woodlawn neighborhood block involving a man whose victims had agreed to meet him on a dating app.
