CPI rose at 2.7% annual rate in December as inflation remains sticky
Although there are signs that inflation is starting to ease, consumers still face pressures from high food prices and other costs.
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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.
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.
Last month, Pfleger was removed from ministry and sent to live away from the parish after he was accused of sexual abuse of a minor more than 30 years ago.
They say without the flowers, a turtle named Tortie and an iguana named Roxy miss out on snacks and play time.
The Roman telescope is named after NASA's first chief astronomer. It is equipped with a 300-megapixel infrared camera, with a field of view 100 times larger than Hubble's.
One person was killed and another was wounded in a shooting Sunday night at a hotel in northwest suburban Wheeling.
Bodycam videos shows the arrest of a superior court judge in Northwest Indiana for drunk driving last weekend.
The Supreme Court divided 6-3 in granting the Trump administration's request for emergency relief.
President Trump said tariffs on Canadian automotive and steel imports will rise to 50% on Jan. 1, 2027, in a social media post.
After losing one of the closest House races in the country, Democrat Christina Bohannan is campaigning earlier and deeper into rural Iowa, including counties she did not visit before the 2024 election.
Cook County Treasurer Maria Pappas said Monday that there was "no apology necessary" on her part over a heated text exchange with former Cook County Commissioner Richard Boykin recently.
Researchers and disability rights advocates warn that the dismantling of the Education Department and its erosions of civil rights oversight risk widening the disparities autistic children face.
Cook County homeowners are again facing a sharper increase in property taxes this year than businesses, the Office of Cook County Treasurer Maria Pappas announced Monday.
Contracted linemen from out of state sat idle in a Griffith church parking lot for hours without work orders from NIPSCO, as residents in Northwest Indiana approach two weeks without power.
A law firm has filed a class action lawsuit against NIPSCO, alleging the utility's failure to manage trees and vegetation has left thousands of Northwest Indiana residents without power for up to two weeks.
Dozens of cases of E. coli and salmonella in multiple states are linked to an alfalfa grower in Minnesota, health officials say.
A new Illinois law signed by Gov. Pritzker offers up to $1,000 to eligible homeowners hit by storm damage, but the money won't be available until next year — and the program only covers certain areas of Chicago.
Dozens of cases of E. coli and salmonella in multiple states are linked to an alfalfa grower in Minnesota, health officials say.
Moderna and Merck announced study results that reflect a "landmark moment" in treatment for one of the deadliest forms of skin cancer.
Researchers from the University of Chicago have uncovered some information on how space travel affects — or actually doesn't affect — the heart.
As people age, it becomes crucial to do whatever possible to protect from issues like memory loss. But leading neurologist Dr. David Perlmutter said the process actually starts well before advanced age.
The Illinois Department of Public Health is not adopting new federal child vaccine guidelines and will continue following recommendations by the American Academy of Pediatrics.
An expert blames Illinois lawmakers and "internecine political problems" for the failure to seal a deal for a new stadium within the state for the Chicago Bears.
Real estate investment and development firm Concord Capital has acquired nine apartment buildings on Elaine Place, a single-block residential street in Chicago's East Lakeview community.
The Chicago Plan Commission voted Thursday to approve a plan to redevelop Ford City Mall into an industrial complex, despite objections from some neighbors.
A new Barnes & Noble bookstore opened in the heart of downtown Chicago on Wednesday, while separately, a building that used to house an old Barnes & Noble store in the Gold Coast was being demolished.
The Original Rainbow Cone celebrated its 100th anniversary on Sunday with a special event at its Beverly location.
Madonna leads all artists with 11 nominations at this year's MTV VMAs, and a full sweep would tie her with Beyoncé and Taylor Swift for the most VMA wins in history.
Hayden Panettiere, who starred in "Remember the Titans" as a child actor and rose to fame in the series "Heroes," has died at the age of 36. The coroner's office says she was found in cardiac arrest.
Buddy Guy was honored with the Chicago Music Legend Award at the Obama Presidential Center's Chicago Culture Ball this weekend.
Bal Khabra is the author of the four-part series "Off the Ice," a college hockey romance collection that is wrapping up at just the right time.
Crews need about a week and a half to tear down the festival site before the city can begin its own inspection — and past cleanup costs have topped $1 million.
The Cortland Street Bridge over the North Branch of the Chicago River will not be reopening anytime soon, the Chicago Department of Transportation said.
Eight people were injured, and Interstate 290 was blocked for several hours on Monday, after a semi-trailer truck spilled a load of concrete bricks onto the road in northwest suburban Itasca.
Staff says that without the flowers, a turtle and an iguana miss out on snacks and playtime.
According to the Antioch Fire Department, a medic crew was called onto the field during the game between Antioch and Schaumburg high schools around 9 p.m. on Friday, Aug. 21, to treat an injured player.
The telescope will help astronomers explore mysterious dark matter and dark energy. Adler Planetarium's Geza Gyuk, senior director of astronomy, and Hunter Miller, public observing educator, were invited by NASA to witness the launch.
Last month, Pfleger was removed from ministry and sent to live away from the parish after he was accused of sexual abuse of a minor more than 30 years ago.
Prosecutors offered a plea deal to Keshia Golden, charged with killing her boyfriend in 2022, which she said was self-defense.
Grayson, 32, was found guilty last October of second-degree murder for the shooting of Sonya Massey and was serving a 20-year sentence.
Almost two weeks since power was knocked out in Northwest Indiana, nearly 10,000 homes and businesses were still in the dark on Monday afternoon.
They say without the flowers, a turtle named Tortie and an iguana named Roxy miss out on snacks and play time.
The program was launched by the utility company last year, with some saying it makes it easier to address problem poles.
She was counting down the days to the first day of 5th grade until her school district told her she didn't have a spot there. Now, a federal judge has ordered the district to put the 10-year-old girl with autism back in her neighborhood school.
Who you gonna call if someone locks you out of your own charity? That's the question members of a Ghostbusters-themed nonprofit say they're asking.
Residents of Ogleby Towers on Wednesday morning spoke out about the system that constantly changes their rent, which they say makes it hard to budget.
CEO of the Illinois Quantum and Microelectronics Park, Harley Johnson, gave CBS News Chicago an exclusive look inside the new park in South Chicago.
The WNBA has been the subject of recent debates on whether transgender women should be allowed to participate in the league.
Senior defensive back Mark Johnson signed up to be on the national bone marrow registry, and when he got the call, he came through.
The Sky were eliminated from the playoff race with the loss and a win by Washington on Sunday night.
Cubs blew out the Seattle Mariners 19-2 on Sunday to avoid a three-game sweep.
It was Peters' third walk-off hit of the season.
One person was killed and another was wounded in a shooting Sunday night at a hotel in northwest suburban Wheeling.
At least four people were killed, and 17 more were injured, in weekend shootings across Chicago as of Sunday, according to police.
Chicago police this weekend issued a warning about a string of armed robberies in the city's Bronzeville community.
Illinois State Police and the FBI announced this weekend that they may have a new lead, though not a suspect, in the 1992 murder of college student Tammy Zywicki.
Chicago police were investigating early Sunday after a man was slashed to death the night before in Washington Park.
