Inflation rate rose by 2.3% in April, CPI report shows. Here's what it means.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
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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.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
This week, Mcdonald's is launching a new $5 meal deal and CBS Correspondent Kenny Choi reports, Americans crave fast food, but with higher prices, more and more simply, they aren't lovin' it.
A housing shortage in Texas and minimum wage increases elsewhere are fueling higher than average inflation in some cities.
Chicago weather Wednesday morning took a sudden turn for the worst, and a Snow Squall Warning was issued. But what is a snow squall?
A CTA Brown Line train hit a car in Chicago's Ravenswood Manor neighborhood.
It has been months since the Chicago City Council approved a plan to update the way a roughly two-mile stretch of Broadway in the Edgewater and Uptown neighborhoods is zoned.
Sudden snow showers and wind Wednesday morning prompted Chicago weather advisories and a Snow Squall Warning, snarling the morning commute.
One of multiple hearings starts Wednesday for the four people charged with shooting and killing Chicago police Officer Aréanah Preston in 2023.
It has been months since the Chicago City Council approved a plan to update the way a roughly two-mile stretch of Broadway in the Edgewater and Uptown neighborhoods is zoned.
Rick Garcia, a longtime Chicago LGBTQ+ activist and community leader who was at the forefront of many civil rights victories, died this week.
Republican Rep. James Comer of Kentucky, the committee's chairman, said the panel will move next week on holding them in contempt.
The Supreme Court heard two cases involving laws from Idaho and West Virginia that ban transgender athletes from participating in girls' and women's sports.
The group of journalists who won a preliminary injunction over federal agents' use of force have filed to have the same judge hear the state's new lawsuit against the Trump administration.
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.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
As this holiday season nears its end, Illinois Treasurer Alexi Giannoulias issued a warning Tuesday about text scams.
A new report shines a light on electricity shortages that Illinois could face in less than 10 years.
January is Radon Action Month, and the Cook County Department of Public Health is urging residents to test their homes for radon.
Severe flu season is sending many people to hospital emergency rooms across the country, including in the Chicago area.
Unionized health care workers this week took aim at Northwestern Medicine, saying the health care system needs to hire more people before expanding the emergency room at Northwestern Memorial Hospital.
The Illinois Department of Public Health announced Tuesday that its recommendations for childhood vaccines will not be affected by a change in federal guidelines.
The first pediatric flu death for this year's flu season has been reported, Illinois health officials said, as flu cases across the state continue to rise.
Does the Chicago Bears' dramatic improvement this season, culminating in their first playoff run in five years, change the discussion about where they will build a new stadium?
The Piggery, a popular barbecue restaurant and bar in the northwest corner of Chicago's Lakeview neighborhood, announced Thursday that it is going out of business.
The Lincolnwood Town Center mall in the north Chicago suburb of Lincolnwood has been sold to a developer, the village announced Wednesday.
They do say imitation is the sincerest form of flattery, but a longtime Chicago fried chicken institution said imitation went too far after a new business opened with a very similar name.
A lawsuit filed late last month took Chicago-based McDonald's to task over the McRib sandwich, calling its name a form of false advertising.
Scott Adams, the cartoonist who created the "Dilbert" comic strip, has died at the age of 68, his first ex-wife revealed on Tuesday.
Here is everything you need to know about how to watch and stream the 2026 Golden Globes.
Bob Weir wrote or co-wrote and sang lead vocals on Grateful Dead classics including "Sugar Magnolia," "One More Saturday Night" and "Mexicali Blues."
Chicago Theatre Week brings value-priced tickets for shows from Feb. 5 until Feb. 15 at Chicago's stage venues. Tickets can sell for $30, $15, or even less.
Isiah Whitlock Jr. is perhaps best known for his role as state Sen. R. Clayton "Clay" Davis on HBO's "The Wire."
U.S. Rep. Delia Ramirez joined Dana Kozlov to discuss ICE tactics. She is joining a growing list of Democrats considering using a potential government shutdown to make some major changes.
Travel expert Peter Greenberg joins Dana Kozlov on CBS News Chicago.
U.S. Rep. Delia Ramirez joined Dana Kozlov on CBS News Chicago.
It has been months since the Chicago City Council approved a plan to update the way a roughly two-mile stretch of Broadway in the Edgewater and Uptown neighborhoods is zoned. Now, a group of homeowners long opposed to the change are suing to undo it.
In an exclusive interview, Mayor Brandon Johnson told Chris Tye that safety on the CTA is a priority.
Winter weather alerts are in effect near Chicago area as snow moves in on Wednesday.
One of multiple hearings starts Wednesday for the four people charged with shooting and killing Chicago police Officer Aréanah Preston in 2023.
Steve Buzil with SitClose Tickets was outside Soldier Field doing another media interview about ticket sales on Sunday when he came across Ruth and Mikey.
A man has been charged with reckless homicide and driving under the influence in a crash that killed two people outside Chicago Police Headquarters in 2024.
Chicago weather Wednesday morning took a sudden turn for the worst, and a Snow Squall Warning was issued. But what is a snow squall?
Lead-based paint was banned for serious health reasons in 1978, but most homes built before then remain covered in it.
Fire department officials in Chicago's western suburbs said drone technology has been helping keep firefighters safe and make a major impact on public safety.
With the stores becoming a common target for thieves, some of the stores in the Chicago area are taking new steps to fight back.
As thousands of people are expected downtown for New Year's Eve celebrations, Mayor Johnson, the Chicago police, and the Office of Emergency Management and Communications are trying to get out ahead of any safety concerns.
Cameras not working, video evidence missed by police and a psychic that leads a hit and run victim's son to a clue that changes the case
Steve Buzil with SitClose Tickets was outside Soldier Field doing another media interview about ticket sales on Sunday when he came across Ruth and Mikey.
Ramova Theater in Bridgeport is setting up for a Bears vs. Rams watch party for thousands of fans Sunday.
The Chicago Bears are on a hot streak, which means fans looking for tickets to Sunday's playoffs game are a target for scammers and fraudsters.
Sports experts said there may be some advantages they have on their side to keep the playoff winning streak going.
Johnson made it clear that he didn't like the Packers in a locker room video following their Wild Card win.
A man was left in critical condition Tuesday morning after he was shot while driving in Chicago's Little Village neighborhood and went on to crash his car.
Adam Beckerink, the man charged with murder in the death of his estranged wife, Caitlin Tracey, must return to court later this week for a detention hearing after being extradited to Chicago.
A man has been charged with stabbing a CTA passenger to death while the victim was sleeping on a Blue Line train over the weekend in the Loop.
The state of Illinois and city of Chicago are suing the Trump administration and Department of Homeland Security for unlawful use of force and dangerous tactics in immigration raids.
A man and a 6-year-old boy were stabbed in Chicago's Lincoln Park neighborhood Sunday night.
