CPI report shows inflation continued to climb in September
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.
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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.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
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.
Blase Cardinal Cupich visited the Cook County Jail on Sunday to observe the Jubilee of Prisoners.
A Milwaukee man was killed in a snowmobile crash in Morris, Illinois this weekend.
At least one person was killed, and nine others were hurt, in shootings across Chicago this weekend. The ages of the victims range from 18 to 45, according to Chicago police.
A ticket from Michael Jordan's first home game with the Chicago Bulls 41 years ago sold for more than $7,600 at auction.
A Chicago police officer was shot in the protective vest in the city's Morgan Park neighborhood, while officers also shot a suspected gunman, and police said a teen was shot twice.
Two people who survived an early September U.S. attack on an alleged drug boat were waving overhead before they were killed in a now-controversial second strike, according to two sources.
The Supreme Court said Friday it will decide the legality of President Trump's executive order that seeks to end birthright citizenship.
President Trump has led the charge to create more GOP-friendly congressional districts in the 2026 midterm elections.
Illinois Senator Dick Durbin is set to retire in 2026, but before he leaves Congress he is making one last attempt to pass the DREAM Act.
Former Chicago Tribune publisher and editor-in-chief R. Bruce Dold passed away this week.
A condo owner in Country Club Hills says he's forced to sell his home after his condo association failed to reimburse him for repairs to his leaking roof. Edward Hadnott's condo has sat empty since a major roof leak in 2022.
The U.S. stopped minting pennies this week, and some groups have issued a warning about the headaches that can create for some businesses and consumers.
Why is one school in the west Chicago suburb of Lisle paying a water bill three times higher than another? The answer has to do with a private utility company.
The Food and Drug Administration is warning about additional cookware brands that could be leaching lead into your food.
Walgreens said it will close its office space in Chicago's Old Post Office building.
The newest measles vaccination numbers released by Chicago Public Schools shows immunizations are finally moving in the right direction.
Two pregnant Black women recently faced alarming neglect at hospitals in Indiana and Texas, highlighting racial disparities in maternal care.
Illinois Gov. JB Pritzker on Tuesday signed a bill aimed at protecting vaccine access in Illinois.
Roseland Community Hospital on Monday celebrated the opening of a new sickle cell treatment clinic.
Consumers with the imported pans should throw them away due to the severe health risks posed by lead, the agency warns.
U.S. Steel says it'll resume making steel slabs at its Granite City Works plant in Illinois amid strengthening demand.
Traffic at O'Hare International Airport is growing faster than expected, and this has Chicago city leaders wanting to make big changes to future construction plans at the airport.
Small Business Saturday was disrupted by the winter storm for many business owners in Chicago, but in the Rogers Park neighborhood, a group of business owners came together to draw customers.
Three different times over the past year, popular and longstanding Chicago stage theater spaces have made headlines for their demise. But it's not all bad news by any stretch.
A federal judge has called out an immigration enforcement agent for using artificial intelligence to write the narrative of a use-of-force report as just a small part of a scathing opinion that rebutted federal officials' narratives about appropriate force used against protesters and others during an ongoing immigration crackdown in Chicago.
Frank Gehry was known for designing the Guggenheim Museum Bilbao in Spain and the Walt Disney Concert Hall in Los Angeles.
Netflix on Friday said it will acquire Warner Bros., including its film and television studios, HBO Max and HBO.
Starting Wednesday, riders on the Chicago Transit Authority system will hear a recognizable Chicago voice during their commutes.
Three different times over the past year, popular and longstanding Chicago stage theater spaces have made headlines for their demise. But it's not all bad news by any stretch.
Joe Colborn, better known as Joe "JoBo" Bohannon on Chicago radio, died this week.
The goal of the nation’s first all-electric acute care hospital opening next week in California is to treat patients without harming the environment. Marybel Gonzalez gives us a behind-the-scenes look.
The Kennedy Center Honors are happening while President Trump deals with a controversy over military strikes on suspected drug boats in the Caribbean. Wendy Gillette reports.
Continuity is key for the Chicago Wolves, who return a rare 19 players this season — including Skyler Brind'Amour. Jori Parys reports.
Suzanne Le Mignot snapped a photo of the last supermoon of the year last week, while Mary Kay Kleist shows us the Believe House on Sleight Street in Naperville with its holiday decorations.
Barb’s Precious Rescue is holding its annual Whiskers and Wishes event in Palatine, where visitors can make lasting holiday memories with their cats or kittens. Joining us is Barb Weber, the founder of Barb’s Precious Rescue and Adoption Center.
A Chicago police officer was shot in the protective vest in Morgan Park, while officers also shot a suspected gunman, and police said a teen was shot twice.
A winter weather system dropped 6 inches of fresh snow in some parts of the greater Chicago area Sunday morning, and prompted a ground stop at O'Hare International Airport.
Elgin police officers were told by the agent that the crash occurred while they were conducting an enforcement activity.
Blase Cardinal Cupich visited the Cook County Jail on Sunday to observe the Jubilee of Prisoners.
A Milwaukee man was killed in a snowmobile crash in Morris, Illinois this weekend.
A Chicago woman battling ALS said she's been struggling just to get a disabled parking space in front of her Bridgeport home.
Days after new Cook County Chief Judge Charles Beach ordered an urgent review of the county's electronic monitoring program, Sheriff Tom Dart said this crisis isn't new, and that he's been warning lawmakers of problems for years.
Charles Beach was sworn in on Monday as Cook County's first new chief judge in 24 years, and takes over amid a political firestorm over what appears to be systemic issues with how accused criminals are being monitored before trial.
Some Chicagoans found out the hard way on Monday that the overnight winter parking ban is in effect.
The electronic monitoring system in Cook County has come under increased scrutiny, after a woman was set on fire in a horrific arson attack on the Blue Line, with critics demanding answers as to why the suspect wasn't already behind bars.
A ticket from Michael Jordan's first home game with the Chicago Bulls 41 years ago sold for more than $7,600 at auction.
Brandt Clarke scored twice to help Los Angeles break out of an offensive funk, Darcy Kuemper made 23 saves and the Kings beat the Chicago Blackhawks 6-0 on Saturday night to split a two-game set.
His father, Rod, is an NHL great who is currently the head coach of the Wolves' affiliate, the Carolina Hurricanes.
Pascal Siakam scored a season-high 36 points, Bennedict Mathurin added 28 and the Indiana Pacers beat the struggling Chicago Bulls 120-105 on Friday night.
Sitting in 1st-place in the NFC standings isn't the only feel-good story for the Bears, as cornerback Nahshon Wright was named the conference's Defensive Player of the Month.
At least one person was killed, and nine others were hurt, in shootings across Chicago this weekend. The ages of the victims range from 18 to 45, according to Chicago police.
A Chicago police officer was shot in the protective vest in the city's Morgan Park neighborhood, while officers also shot a suspected gunman, and police said a teen was shot twice.
The special edition locket was inspired by the James Bond film "Octopussy," which revolves around a plot to steal a rare Faberge egg.
Authorities say the FBI has arrested a man suspected of placing pipe bombs outside RNC and DNC headquarters on the eve of the Jan. 6, 2021, Capitol riot.
A woman from Chicago's northwest suburbs appeared in court Thursday for a shooting that killed another woman in the South Loop in September.
