CPI report shows index up 2.7% in June, a sign of rising inflation
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.
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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.
High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
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.
Consumer sentiment fell sharply in April for the fourth straight month as the trade war fuels worries about inflation and employment.
U.S. stocks continue to flail as investors grapple with impact of Trump administration trade war and signs of economic slowdown.
A couple in DuPage County are opening a co-op grocery store they hope can address the strain of ever-rising food costs.
Stocks tumbled for a second consecutive trading day, wiping out all post-election gains for the S&P 500.
The cause of the recent "egg-flation" is the rise in bird flu cases in the U.S., which has been impacting farms and wiping out flocks.
The Federal Reserve opted to leave its benchmark interest rate unchanged in its first policy meeting since President Trump's inauguration.
CBS News’ Nancy Chen visited a dairy farm near Albany, New York to learn more about the spike.
Tariffs on U.S. imports would raise prices for consumers on a range of goods, experts say. Here's what to know.
The Federal Reserve began cutting its benchmark rate in September amid cooling inflation.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
"It's the economy, stupid," – A four-word strategy that helped Bill Clinton defeat incumbent President George H.W. Bush in 1992. Three decades later, the economy again was a driving factor in a presidential election. CBS News Chicago examined exit poll results and the way rising prices helped President-elect Donald Trump win his second term in office.
The Federal Reserve just lowered its benchmark rate by 0.50 percentage points. Here's how the move could impact your finances.
The Fed's decision will lower borrowing costs from a 23-year high as the central bank pivots to shoring up economic growth.
The cost of Labor Day staples like meat, beer, and beans, was up anywhere from 3% to 10%, according to the CBS News price tracker.
Those grilling or feeding friends this holiday weekend are likely paying more this year than they did last Labor Day. Prices are up for several summer cookout staples. CBS News Chicago wanted to know how local eateries are coping with higher prices for food.
Those grilling or feeding friends this holiday weekend are likely paying more this year than they did last Labor Day. Prices are up for several summer cookout staples. CBS News Chicago wanted to know how local eateries are coping with higher prices for food.
The deal, available through Subway's app and website for a limited time, is aimed at inflation-weary consumers.
Analysts say home buying and renting costs can lag behind other inflation improvements, but many see good news for homebuyers down the line.
Mars is buying food company Kellanova, giving it access to brands such as Cheez-It and Pop-Tarts.
Certified financial planner Jessica Debold of Goldstone Financial Group joins us with a sobering report on how inflation has affected back-to-school shopping, and what you can do to cut costs.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Raoul warns that if you get one, even if the phone number appears local, do not click or tap on anything.
Preliminary findings indicated that the fire may have originated from an electric scooter while it was charging.
Gov. JB Pritzker on Monday raised concerns about the impact artificial intelligence might have on people's everyday lives in Illinois in the coming years.
Police were engaged in an hours-long SWAT standoff in Joliet, after a driver fleeing police barricaded themselves inside a nearby home.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Organizers estimated that at least 8 million people took part in more than 3,300 "No Kings" events worldwide.
Iran-linked cyber criminals accessed FBI Director Kash Patel's personal email account, sources said.
The Justice Department has made public millions of pages from its investigation into convicted sex offender Jeffrey Epstein.
The House passed a measure to fund the Department of Homeland Security for 60 days — but it's still unclear how the shutdown will end as the Senate, which approved its own funding plan, is on recess.
Skyrocketing property taxes continue to be a hot-button issue in Cook County — particularly since last fall, when many residents saw their tax bills increase by 100% or more.
Illinois Secretary of State Alexi Giannoulias this weekend issued a warning about a surge in text messages that falsely claim to come from his office or the DMV within it.
Tenants at a South Loop luxury high-rise that has been plagued with problems like broken elevators are vowing to fight five-day eviction notices.
It's become an annual March Madness tradition at CBS Chicago, pitting our city's best eateries in direct competition in a foodie bracket challenge. We did pizza, we've done Italian beef, we've done Chicago dogs. This year, we're taking flight with wings.
For Cook County residents hoping to lower their property tax bills, applications are open for exemptions.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Northwestern Medicine and the American Red Cross teamed up for a community blood drive in Chicago on Monday morning.
Ending domestic violence is the goal of groups and advocates all over the world, and some experts in Chicago say it is time to become less reactive and more proactive when it comes to the people causing harm.
A new Iowa law bans local nondiscrimination protections on the basis of gender identity after the state became the first in the U.S. to roll back its civil rights code last year.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
The owners of the popular Uncommon Ground restaurant, live music venue, and brewery in Chicago's Wrigleyville community announced this week that they're looking for a successor to take over the business.
Chicago consistently ranks in the top three cities in Fortune 500 company headquarters, and now a competition has been launched to build on Chicago's power in business.
The flagship Ann Sather restaurant on Belmont Avenue in Chicago's Lakeview community will be moving later this year, a restaurant representative said Tuesday.
Chicago Bulls legend Scottie Pippen threw some shade at former teammate Michael Jordan in a new pop commercial.
The City Council in Aurora, Illinois, is likely to lay down the hammer on data centers.
Chicago-native John Mulaney announced a new stop at the Wisconsin State Fair this summer.
Following a ribbon-cutting attended by Chicago Mayor Brandon Johnson on Saturday, people were let inside the new space, at 5035 N. Broadway right off Argyle Street, for a special open house.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
ABC has canceled its already filmed season of "The Bachelorette" starring Taylor Frankie Paul after video surfaced of a 2023 incident in which she was charged with assault.
Acclaimed Chicago bar and music venue The Hideout has been sold to a performer and former employee, but the owners said it will carry on as the same beloved place that visitors have always known.
Jenna Strouble, 30, of St. John, Indiana, was charged with nine counts of first-degree murder in the deaths of 54-year-old Stacy Forde, 55-year-old Patrick Forde, and 32-year-old Jacob Lambert in Crete, Illinois.
According to the sheriff's office, they found 16-year-old Lily Bova with a gunshot wound after being called to the apartment. First responders did CPR and rushed Bova to Advocate Lutheran General Hospital, where she died.
The main hazards being damaging winds and large hail. Meteorologist David Yeomans is tracking the latest.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath. Dr. Rachna Shah, a board-certified allergist and immunologist, and head of Loyola Medicine Allergy Count, predicted this allergy season could be a bad one.
The texts are aimed at tricking drivers into sharing personal and financial information.
Prosecutors have asked a judge to hold an Indiana woman on charges that she shot and killed the father of her children, his mother, and his stepfather.
Cook County Sheriff's police detectives were searching for a person of interest Sunday after a teenager was shot and killed in the apartment where she lived in unincorporated Glenview the day before.
The Chicago Board of Education on Monday approved the appointment of Dr. Macquilne King as the permanent chief executive officer for Chicago Public Schools.
Allergy season is here, and the dreaded pollen can trigger sneezing, congestion, wheezing, and shortness of breath.
Raoul warns that if you get one, even if the phone number appears local, do not click or tap on anything.
Two more women have filed lawsuits against Massage Envy, accusing the company of failing to protect them against sexual assaults by two of their therapists.
Homeowners in Berwyn said they are constantly having to pump out sewage to keep it from flooding their basements.
CBS News Chicago learned that she was hired at the school in Mundelein in 2023, which was after DCFS found credible evidence that Servant had injured her children as a form of discipline.
United Steel Workers union representatives said that some workers had already had their access cards deactivated.
Have you ever walked into a business with no employees? You may soon; autonomous businesses are becoming more popular.
The Chicago Blackhawks are planning to honor the late Troy Murray next month.
The person who bought Chicago Bulls legend Michael Jordan's former mansion in Highland Park, Illinois, wants to turn it into a museum.
The road to the Final Four is now set, and the Fighting Illini won't have to travel too far, as a trip to Indianapolis is only about two hours away from campus.
Jack Hughes finished with two goals and two assists as the Devils rallied for a 5-3 win over the visiting Blackhawks on Sunday night.
Christian Yelich hit a three-run homer off Seranthony Domínguez to cap a six-run rally in the eighth inning as the Milwaukee Brewers completed a season-opening sweep by beating the Chicago White Sox 9-7 on Sunday.
Police in Kenosha, Wisconsin, arrested a man in Memphis, Tennessee, on Monday in connection with a 1977 homicide.
Prosecutors have asked a judge to hold a woman in custody until trial on charges that she shot and killed the father of her children, his mother, and his stepfather at a home in unincorporated Crete in Chicago's far south suburbs.
Cook County Sheriff's police detectives were searching for a person of interest Monday after a teenager was shot and killed in the apartment where she lived in unincorporated Glenview over the weekend.
Three people were shot, and one of them was killed, at a party in Will County south of Chicago early Sunday morning.
Chicago police on Sunday were looking for a man they say attacked a senior at the Belmont Red-Brown-Purple Line 'L' stop earlier this month.
