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.
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.
High temperatures and rising electricity costs could boost home energy bills by 6% this summer, a new report says.
Chicago has won three of four and moved one-half game ahead of idle Philadelphia for the top NL wild card.
Dozens of residents filled the auditorium of Trinity High School, many encouraging the village board to vote "no" on the O'Hare Flyer.
The deal would drop weapon enhancements from Grafton's charges, which could reduce a potential sentence by 20 years.
The White Sox, who lost 102 games and finished last in 2025, won the opener of the showdown series to push their lead over the Guardians to 1 1/2 games.
The owners of a bar in southwest suburban Frankfort say they were hit by burglars again, and they left behind a huge mess.
The case stems from a Cronobacter bacterial contamination at one of Abbott Laboratories' Michigan plants.
Roger Simon, a celebrated political columnist who worked for the Chicago Sun-Times and Tribune, Politico, and other news organizations, died last week.
This week on The Angle, CBS Chicago's Chris Tye sat down with Secretary of State Alexi Giannoulias to dive deeper into his campaign to become Chicago's next mayor.
Chicago Mayor Brandon Johnson addressed his supporters at the DuSable Black History Museum and Education Center Sunday afternoon, officially announcing his bid for a second term.
The congressman thanked the pilot and first responders for coming to their aid, and expressed his gratitude at only having sustained minor injuries.
Nicor customers will get a break on their bills this fall after Illinois Attorney General Kwame Roul reached an agreement with the utility to cut $140 million from its requested rate hike.
Drivers in Chicago and beyond were paying the highest gas prices ever recorded for the Labor Day holiday as millions of Americans were making their way home on Monday.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
Illinois Attorney General Kwame Raoul filed a lawsuit Thursday against ABC Plumbing, Heating, Cooling & Electric Inc., alleging deceptive business practices.
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.
Cardinal Blase Cupich and a group of Catholic nuns have joined a federal lawsuit challenging Illinois' Medical Aid in Dying law, which is set to take effect in just over a week.
Flies have been everywhere this summer in the Chicago area, and some of them bite. But why is this happening?
Prime Healthcare is drawing criticism after announcing it will stop obstetrics services at three Chicago-area hospitals.
The Chicago Department of Public Health on Tuesday announced two human cases and one death from the West Nile virus in the city this year, and one of those two people has died.
The Jackson Chance Foundation supports the lives of families with babies in the NICU by removing the financial burden of finding parking near hospitals.
Plans for a new Chicago White Sox stadium in the South Loop have residents near the existing ballpark in Bridgeport concerned, not just because the team might be leaving, but also what might be coming nearby.
A new report from the University of Illinois Chicago said federal immigration enforcement led to $1.26 billion in unspent money at retail establishments and restaurants in Cook County.
Around 115 million domestic and international tourists visited Illinois last year, pushing visitor spending past $50 billion for the first time and generating more than $88 billion in total economic impact.
A new Whole Foods Market is coming to Chicago's Old Town neighborhood.
More than 100 Black-owned businesses were showcased at Soldier Field Sunday for Black on the Block.
Dubbed the "Designer to the Stars," Bob Mackie won nine Emmy Awards, a Tony Award and was nominated for three Oscars.
The stage was set and the air was humid as rapper Ye, formerly known as Kanye West, took the stage for the first of two Chicago concerts at Soldier Field Thursday night.
James Fulton Engstrom, now a healthy teenager, was born without a pulse in 2010 — and his survival is the miracle the Catholic Church credited to Fulton Sheen's intercession, clearing the way for beatification.
The Met's decision to highlight the work by designer John Galliano sparked widespread controversy due to his history of antisemitic and racist comments.
The Edgewater Music Festival was under way this weekend on Chicago's north lakefront.
The pigs take a dip with you or sunbathe on the shore. Others are sunbathing on the shore with visitors.
Chief meteorologist Albert Ramon is tracking A thunderstorm risk in First Alert Weather.
Hundreds of people showed up at Angel’s Stadium in Orange County over the weekend. They traded in their electric bikes and motorcycles in exchange for gift cards worth up to $1,000.
Experts say it’s important to incorporate meaningful social interaction into your day, regardless of where you work.
The birthday wish included bells tolling to the tune of "Happy Birthday." Pope Leo spent his 71st birthday opening a new exhibit at the Vatican library.
A school bus window was shot out when a student with disabilities grabbed a gun belonging to the aide and fired, the assistant principal of Minnie Miñoso Elementary said.
The owners of a bar in southwest suburban Frankfort say they were hit by burglars again, and they left behind a huge mess.
Dozens of residents filled the auditorium of Trinity High School, many encouraging the village board to vote "no" on the O'Hare Flyer.
The deal would drop weapon enhancements from Grafton's charges, which could reduce a potential sentence by 20 years.
Three people were taken to the hospital from the scene of a fire in Chicago's Portage Park neighborhood early Monday.
Chicago police crime data show 255 reported crimes in the last two years on the two blocks where the former Hard Rock and Rainforest cafés sit vacant. Neighbors have been calling the city about the alley between them for six years.
A three-year effort by the Cook County Sheriff's Office to help bring down crime on the Magnificent Mile in downtown Chicago appears to be working.
Several lawsuits are challenging Illinois' medical aid in dying law that is set to take effect on Sept. 12, including one in federal court arguing the law discriminates against people with disabilities.
Back in 2023, ISP got a $10 million grant from the Illinois Secretary of State's Illinois Vehicle Hijacking and Motor Vehicle Theft Prevention and Insurance Verification Council.
Two years before dozens of decomposing bodies were found inside the South Chicago Chapel funeral home, police in nearby Evergreen Park found two bodies in the owners' minivan outside their home.
Chicago has won three of four and moved one-half game ahead of idle Philadelphia for the top NL wild card.
The White Sox, who lost 102 games and finished last in 2025, won the opener of the showdown series to push their lead over the Guardians to 1 1/2 games.
Providence Catholic High School in southwest suburban New Lenox has fired football coach Tyler Plantz, despite the team's 4-0 start to the season.
Before the Chicago Bears beat the Carolina Panthers 59-37 in a wild NFL season opener, quarterback Caleb Williams gave some young fans a special gift to help them get ready for the occasion.
The White Sox, who have lost 10 of their last 14 games, begin a three-game series Monday in Cleveland.
A $30,000 reward is being offered for information leading to the arrest and indictment of the person who shot and killed a 911 dispatcher in the Back of the Yards neighborhood last week.
A 15-year-old girl returned to court Monday to face murder charges, after authorities said she was one of a few people responsible for pushing a man out of a moving Chicago Transit Authority Red Line train.
An 85-year-old man from Crown Point, Indiana, was arrested this past weekend on accusations of shooting his wife.
Chicago police this past weekend issued a warning about a man who grabbed a woman at a CTA Blue Line station in Wicker Park.
CPD says six people were standing outside near an alley when two unknown vehicles approached. Multiple armed suspects got out and fired shots at the victims.
