These 5 U.S. cities have been hit hardest by inflation
A housing shortage in Texas and minimum wage increases elsewhere are fueling higher than average inflation in some cities.
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A housing shortage in Texas and minimum wage increases elsewhere are fueling higher than average inflation in some cities.
Marnie was ticked off by the practices of a local ice cream vendor – with the price of ice cream apparently having risen to more than $11 in U.S. dollars for two treats.
Inflation is moving sideways, remaining above 3% for the first three months of 2024. Here's how that could impact your finances.
One Fed official on Thursday said if the economy continues to demonstrate strength, "Why would we cut rates?"
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
This year's robust stock market performance defied analysts' predictions as investors cheered prospects of lower interest rates and inflation.
Billions of dollars' worth of gift cards go unspent every year. Here's what to know about redeeming them — and avoiding scams.
Christmas traditions aren't immune to the inflation we've all been feeling this year. PNC Bank did the research and found the items in the classic song "The Twelve Days of Christmas" would cost a little more than $46,000.
It may seem hard to believe, but after the holidays, the presidential campaign season will really heat up -- and CBS News just out with a new poll on how people are feeling about the economy. CBS News pollster Anthony Salvanto joins us to explain the results.
The Farm Bureau says the cost of a Thanksgiving meal is down 4.5 percent from last year, but man Thanksgiving classics have gotten a lot pricier. CBS News’ Jo Ling Kent reports.
"People have been using the wrong R-word to describe the economy," one economist said. "It's resilience — not recession."
With the youth unemployment rate at a 70-year low, this year's crop of new graduates is likely to have an easier time getting hired.
The government just released the latest report on inflation. CBS News Business Analyst Jill Schlesinger helps break down the report showing a decline for the first time since June 2021.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Experts tell CBS News it's a sign high inflation still has a hold on the economy, despite the Fed's efforts to tame it.
Inflation is heating back up, with the Federal Reserve's inflation gauge rising the highest we've seen in months. Consumer prices continue to rise. Experts tell CBS News it's a sign high inflation still has a hold on the economy, despite the Fed's efforts to tame it. Chicago restaurant owners tell CBS 2's Tara Molina they are getting hit twice.
While inflation overall is improving, the prices for food items like eggs continue to increase at a significant pace.
Consumer prices rose less than expected in November, a sign that inflation is cooling a bit. But costs are still up more than 7% since last year. One of the areas still rising: Food.
Annual holiday feast is likely to see sharply higher prices for turkey and other traditional food items.
Organizers said a Thanksgiving dinner last year cost as little as $12 to put together, but this year's cost will be closer to $20.
Thanksgiving dinner is going to cost more this year thanks to inflation. Rising food costs, coupled with supply chain issues are really putting the squeeze on local food pantries. CBS 2's Lauren Victory visited a community pantry in Woodridge that's facing staggering numbers.
That includes everything from appetizers to desserts sides and beverages.
Interest rates mostly impact those buying cars and homes, but businesses borrow money too, and pass along the costs to consumers.
The Federal Reserve raised its key interest rate another three-quarters of a percentage point as it battles the hottest inflation in decades. The impact of the move on consumers is wide-ranging.
So far, Emirates has suspended flights in and out of Dubai until Monday.
The Chicago Blackhawks beat the Utah Mammoth 4-0 on Sunday to end a three-game losing streak.
Collin Sexton added 22 points, and Matas Buzelis had 20, helping Chicago come out on top after matching the third-worst skid in franchise history.
An estimated 4,300 brave souls took part in the Polar Plunge in Lake Michigan this chilly Sunday, all to benefit Special Olympics Illinois.
The family of Rev. Jesse Jackson arrived early Sunday morning to the state capitol building in South Carolina, where Jackson will lie in state.
President Trump posted on social media that Iranian Supreme Leader Ayatollah Ali Khamenei had been killed after a massive U.S. and Israeli military operation Saturday.
Americans weighed in on how long a conflict with Iran might last and what Congress should do.
Trump ally Sen. Lindsey Graham said the operation would be "violent, extensive and I believe, at the end of the day, successful."
President Trump says his objective in attacking Iran "is to defend the American people by eliminating imminent threats" from the regime in Tehran. Read his full statement and watch the video here.
President Trump said that "heavy and pinpoint bombing" of Iran would "continue, uninterrupted throughout the week or, as long as necessary."
Palatine, Illinois-based Weber has issued a recall of more than 3.2 million metal wire bristle grill brushes because you could ingest the bristles.
This is after Mayor Brandon Johnson vetoed an ordinance that would have banned most hemp-derived products this weekend.
This week marks Identity Theft Awareness Week, and Illinois Comptroller Susana Mendoza emphasized some safety tips Monday for avoiding and dealing with identity theft.
A controversial data center in Naperville, Illinois, could be the cause to pack a city council meeting there on Tuesday night.
Police in the west Chicago suburb of Geneva are warning of a scam involving spoofed phone numbers.
When a doctor was told there was no cure for his daughter's condition, he was motivated to transform not only her health, but the lives of thousands of others.
Ann & Robert H. Lurie Children's Hospital announced this week that it is planning to open a new pediatric hospital in the west Chicago suburb of Downers Grove.
It has been nearly six years since the start of the COVID-19 pandemic, and one of the many questions doctors are still working to answer concerns the long-term effects.
Leaders from Cook County, the Illinois Department of Human Services, and the Greater Chicago Food Depository denounced changes to the Supplemental Nutrition Assistance Program on Wednesday.
The University of Chicago Medicine Comprehensive Cancer Center has received a grant from The Ralph Lauren Corporate Foundation for a new cancer center.
Not one, but two hotels are now planned or proposed for Chicago's Northalsted LGBTQ+ nightlife district.
After the Double Door closed in Wicker Park, there was reassurance that the Double Door would return, at a new location in the city's Uptown neighborhood. Now that is not happening anymore.
Barnes & Noble was set to reopen in Skokie on Wednesday, just weeks after it closed.
Trader Joe's is opening a new location in Chicago's Logan Square neighborhood.
The district laid out a $630 million plan to remake Soldier Field into a major concert venue and events space.
Singer-songwriter Neil Sedaka, known for his hits like "Laughter in the Rain," "Breaking Up is Hard to Do" and "Calendar Girl," has died.
A 19th-century George Méliès film, thought to be long lost, has been found among a box of brittle movie reels that a Michigan donor brought to the Library of Congress, officials said.
Streaming giant Netflix declined to match Paramount Skydance's $31 per share offer for Warner Bros. Discovery.
After the Double Door closed in Wicker Park, there was reassurance that the Double Door would return, at a new location in the city's Uptown neighborhood. Now that is not happening anymore.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
Officials at the scene said no one was hurt, but the house was a total loss after the roof collapsed.
Clouds will clear late tonight, with temperatures dropping to a low of 24.
Today, the Chicago police department held a memorial roll call three years after officer Andres Vasquez lasso was shot and killed in the line of duty.
Iran controls part of the Strait of Hormuz, a critical shipping lane where about 20 million barrels of oil flow every day, and it’s the world’s sixth-largest oil producer.
The family will hold a private ceremony tomorrow morning, followed by public visitation as Jackson Sr. lies in state.
The U.S. military says three troops have been killed in the war with Iran, as President Trump says the operation is proceeding "ahead of schedule." Follow live updates.
So far, Emirates has suspended flights in and out of Dubai until Monday.
The man who killed two and wounded 14 also had photos of Iranian leaders in his home, a source said.
An estimated 4,300 brave souls took part in the Polar Plunge in Lake Michigan this chilly Sunday, all to benefit Special Olympics Illinois.
The family of Rev. Jesse Jackson arrived early Sunday morning to the state capitol building in South Carolina, where Jackson will lie in state.
If you feel like you're drowning in a sea of text alerts and desperate email pleas for "just $5" this election season, you are far from alone.
A north suburban school bus driver became a victim of sophisticated scammers who are targeting more people and more vulnerable populations to make more money.
Both couples are still actively fighting for their kids, knowing it will be a long and complicated road.
The mother of an 8-year-old boy who was allegedly put in a chokehold and dragged by the neck by a Chicago Public Schools employee hopes her lawsuit and choice to speak out will help protect students in the future.
A jury on Wednesday awarded $5.74 million in damages to a Chicago family who accused police of violating their civil rights in a botched raid of their home in 2018.
The Chicago Blackhawks beat the Utah Mammoth 4-0 on Sunday to end a three-game losing streak.
Collin Sexton added 22 points, and Matas Buzelis had 20, helping Chicago come out on top after matching the third-worst skid in franchise history.
The win extended Chicago's unbeaten streak against Canadian opponents to six matches dating to 2024.
Connor Bedard scored for Chicago, which has lost eight of nine and continues to struggle to score.
Morez Johnson Jr. had 19 points and 11 rebounds against his former team as No. 3 Michigan defeated No. 10 Illinois 84-70 and clinched Big Ten regular-season title.
The man who killed two and wounded 14 also had photos of Iranian leaders in his home, a source said.
A judge has sentenced a Wisconsin man who forged threats against President Donald Trump as part of a deportation scheme to 16½ years in prison.
A man has been charged with shooting and killing a father and son following a jewelry store robbery last November in the Little Village neighborhood of Chicago.
Two men are charged with filing a false police report, claiming they were robbed of millions of dollars worth of jewelry.
Chicago police issued an alert Thursday about a rash of criminal sexual assaults that have happened on one block on Chicago's West Side, committed by a man who lures his victims by setting up dates through an escort app.
