CPI report shows inflation continued to climb in September
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.
Watch CBS News
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.
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.
Seiya Suzuki, Carson Kelly and Kevin Alcántara each hit a two-run homer, and the Chicago Cubs handed the Los Angeles Dodgers their fourth consecutive loss with a 10-5 victory.
A Chicago Public Schools custodian from Venezuela was detained by ICE when his family went to their asylum appointment a few weeks ago, one of a growing number of immigration arrests across the country.
Seven confirmed tornadoes touched down in the Chicago suburbs one week ago, causing widespread damage, but the storms also brought out the best in some people, including two men who stepped up for their community in a time of need.
A week after seven tornadoes roared through the Chicago suburbs, the lengthy process of cleaning up and rebuilding remained underway on Monday.
Seven people were rescued after their boat capsized on Lake Michigan on Monday evening near 49th Street near the Kenwood neighborhood.
Mayor Brandon Johnson's budget director, Annette Guzman, is stepping down from her post, the mayor's office confirmed Monday night.
Mayor Brandon Johnson has yet to announce if he's running for re-election, but certainly sounded like he was giving a campaign speech at a brief press conference on Monday.
Chicago Ald. Byron Sigcho-Lopez (25th) filed a lawsuit last week, taking the Illinois State Board of Elections to task for what he said are unnecessarily high hurdles for third-party candidates to get on the ballot.
Chicago's Mamdani moment might come in the form of a more socialist City Council. The Chicago DSA is working to oust aldermen and advance taxing the rich.
The order came after Republican Senators Thom Tillis and John Cornyn threatened to block Blanche's confirmation for Attorney General if the fund was not rescinded in writing.
The Trump administration is taking aim at power grid operator PJM Interconnection over rising electricity bills that affect Illinois and Indiana residents.
Chicago remained the most bed bug-treated city in the country, according to Orkin's latest annual rankings covering a full year of residential and commercial treatment data.
Illinois Attorney General Kwame Raoul this week warned residents cleaning up from last month's storms to be on the lookout for scams.
Illinois Gov. JB Pritzker on Thursday signed several new consumer protections into law, including a ban on junk fees.
CBS News Chicago has learned that Illinois home insurance premiums are not only higher than the nation's average, but going up faster too.
East Chicago, Indiana is being placed on a precautionary boil water advisory starting Monday morning for planned installations that could affect water safety.
A new Northwestern Medicine study on long COVID shows women show more neurological symptoms than men.
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Chicago just barely made the top 20 in the American College of Sports Medicine's 2026 ranking of the country's fittest cities.
In a major turnaround in the opioid crisis, overdose deaths are falling across Chicago and Cook County.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
Chicago's Wishbone Restaurant will soon be closing after 36 years in business.
The Old Town Pour House isn't in its namesake neighborhood anymore, but it's returning to the central area of Chicago — specifically in the Loop.
Stella's Diner in Chicago's East Lakeview community has gone out of business.
A Wisconsin appeals court reversed a lower court ruling that had declared Act 10 unconstitutional, keeping the 2011 law limiting public workers' collective bargaining rights in place as unions prepare to appeal to the state Supreme Court.
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.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
If weather forces an evacuation, shelter sites are located at Grant Park North, Grant Park South, and Millennium Lakeside Garages, accessible through the vehicle entrance on Michigan Avenue.
Grant Park was filled with tens of thousands of people Thursday for the start of Lollapalooza, as warm weather greeted festivalgoers on day one of the four-day music festival.
Academy Award-winning Irish singer-songwriter Glen Hansard has died in a motorcycle crash.
Chief meteorologist Albert Ramon has the latest First Alert Weather forecast.
If you're in the market for a new TV, when you shop, you likely notice the technology keeps getting better, sharper, and more lifelike. Now a new display is promising some of the most vivid picture qualities yet.
A Chicago Public Schools custodian from Venezuela was detained by ICE when his family went to their asylum appointment a few weeks ago, one of a growing number of immigration arrests across the country.
Seven confirmed tornadoes touched down in the Chicago suburbs one week ago, causing widespread damage, but the storms also brought out the best in some people, including two men who stepped up for their community in a time of need.
A week after seven tornadoes roared through the Chicago suburbs, the lengthy process of cleaning up and rebuilding remained underway on Monday.
A Chicago Public Schools custodian from Venezuela was detained by ICE when his family went to their asylum appointment a few weeks ago, one of a growing number of immigration arrests across the country.
A week after seven tornadoes roared through the Chicago suburbs, the lengthy process of cleaning up and rebuilding remained underway on Monday.
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.
Seven confirmed tornadoes touched down in the Chicago suburbs one week ago, causing widespread damage, but the storms also brought out the best in some people, including two men who stepped up for their community in a time of need.
Seven people were rescued after their boat capsized on Lake Michigan on Monday evening near 49th Street near the Kenwood neighborhood.
Nationally, data centers used 17.4 billion gallons of water in 2023 — a figure projected to reach 72.6 billion gallons by 2028, raising concerns about states' water supplies.
A clean energy initiative on the South Side of Chicago is increasing access to solar energy and electric vehicle charging stations, and community members say it's making a difference.
A glitch in the Illinois Tollway system earlier this month left about 100,000 drivers with unexpected warnings about unpaid tolls, some dating back about a year.
Chicago's Office of Emergency Management, which oversees roughly 200 traffic aides, says two were seriously injured by drivers this summer — leaving many uneasy on the job as Lollapalooza brings heavy traffic downtown.
Shavonne Worthy said she visited her mother's grave at Oakridge-Glen Oaks Cemetery in Hillside and found an empty hole where the headstone had stood for nearly 10 years — and the cemetery's new owner told her it was removed intentionally.
Seiya Suzuki, Carson Kelly and Kevin Alcántara each hit a two-run homer, and the Chicago Cubs handed the Los Angeles Dodgers their fourth consecutive loss with a 10-5 victory.
The Chicago Cubs acquired pitcher Clay Holmes and outfielder Tyrone Taylor from the last-place New York Mets on Monday for touted infield prospect Jefferson Rojas.
Bears safety Coby Bryant will miss the next 8-10 weeks due to a hyperextended knee, bone bruise and small fracture suffered in Monday's training camp practice, ESPN reports.
The schools announced Monday they have agreed to a four-game home-and-home series.
Ahead of the MLB trade deadline on Monday, the Chicago White Sox have reportedly added right-handed reliever Huascar Brazobán in a trade with the New York Mets.
An Illinois State Police trooper has been charged with sexually assaulting a bartender after drugging her and taking her to a hotel last year in southwest suburban Tinley Park.
Thieves stole an ATM from a gas station in Chicago's Roseland community early Monday.
Two young men and a teenage boy were shot and wounded early Monday in Chicago's Park Manor community.
A man was stabbed late Sunday night in a fight with a woman on Chicago's West Side, police said.
The suspect, identified as 24-year-old Chad Williams, died from a self-inflicted gunshot wound, police said.
