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.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Economists had expected CPI to rise at an annual rate of 3% last month.
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.
Economists think inflation around the U.S. continued to climb in September, edging farther away from the Fed's 2% annual target.
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
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.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Beef costs around the U.S. surged to a record high in May. What's driving that jump, and are prices likely to ease up?
The average cost of one pound of ground beef reached a record-high of $5.80 in April, according to numbers from the Bureau of Labor Statistics.
Expired sales labels led to overcharges on more than 150 grocery items, according to an investigation led by Consumer Reports and others.
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.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
Americans express concern about their ability to pay bills and save money.
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four years.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
For the first time in the U.S., credit card debt has surpassed $1 trillion.
In some areas inflation has fallen below 2%, while in other regions prices are still spiraling upward. Why?
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
A First Alert Weather Day is in place for Tuesday for a cool down and much needed chance for rain.
Olympic City's newest celebrities are back home in Colorado with new hardware. Just weeks after competing at the Games, Ellie Kam and Danny O'Shea are already back on the ice and others at the rink are eager to see them.
Denver city leaders unanimously passed a ban on all officers, including ICE agents, from wearing face coverings while detaining or arresting people. That law also requires officers to wear visible identification.
The plan for a church to purchase a section of strip mall near the library in Castle Rock would force a couple of longtime businesses to close.
The University of Colorado community is mourning the death of quarterback Dominiq Ponder, who was killed in a car crash. Monday was supposed to mark the start of spring football practice.
A First Alert Weather Day is in place for Tuesday for a cool down and much needed chance for rain.
Olympic City's newest celebrities are back home in Colorado with new hardware. Just weeks after competing at the Games, Ellie Kam and Danny O'Shea are already back on the ice and others at the rink are eager to see them.
Denver city leaders unanimously passed a ban on all officers, including ICE agents, from wearing face coverings while detaining or arresting people. That law also requires officers to wear visible identification.
The plan for a church to purchase a section of strip mall near the library in Castle Rock would force a couple of longtime businesses to close.
The University of Colorado community is mourning the death of quarterback Dominiq Ponder, who was killed in a car crash. Monday was supposed to mark the start of spring football practice.
Watch Dave Aguilera's Forecast
Just weeks after competing at the Olympics, Ellie Kam and Danny O'Shea are already back on the ice and others at the rink are eager to see them.
Denver city leaders unanimously passed a ban on all officers, including ICE agents, from wearing face coverings while detaining or arresting people. That law also requires officers to wear visible identification.
Bennie Fowler was a wide receiver for the Denver Broncos and spoke about what areas the Broncos need to focus on as they try to improve and make it to the Super Bowl next year.
The plan for a church to purchase a section of strip mall near the library in Castle Rock would force a couple of longtime businesses to close.
Olympic City's newest celebrities are back home in Colorado with new hardware. Just weeks after competing at the Games, Ellie Kam and Danny O'Shea are already back on the ice and others at the rink are eager to see them.
The University of Colorado community is mourning the death of quarterback Dominiq Ponder, who was killed in a car crash. Monday was supposed to mark the start of spring football practice.
Whether it's scoring or rebounding, Olivia Reed Thyne legacy at Colorado Mesa is cemented.
On Sunday evening, Coach Prime announced the death of University of Colorado quarterback Dominiq Ponder.
Connor Hellebuyck stopped 41 of Team Canada's 42 shots in the Olympic gold medal match.
Four different district court judges found President Trump's executive orders targeting the law firms were unconstitutional.
The Iran war is renewing concerns about the strategically vital Strait of Hormuz. A prolonged closure could sharply drive up oil prices, experts said.
The DNC is announcing Monday that the 2028 national convention will be held from Aug. 7 to Aug. 10, CBS News has learned.
The Supreme Court seemed likely Monday to loosen a federal law that bars marijuana users from owning guns in a case that crossed typical political lines.
Rep. Ryan Zinke of Montana announced Monday he will not run for reelection, becoming the latest Republican to retire.
Holly Bennett was charged with drug possession, and she's now speaking out against the drug test used by police.
Four different district court judges found President Trump's executive orders targeting the law firms were unconstitutional.
The DNC is announcing Monday that the 2028 national convention will be held from Aug. 7 to Aug. 10, CBS News has learned.
The Supreme Court seemed likely Monday to loosen a federal law that bars marijuana users from owning guns in a case that crossed typical political lines.
Rep. Ryan Zinke of Montana announced Monday he will not run for reelection, becoming the latest Republican to retire.
The Colorado Department of Public Health and Environment and Adams County Health Department confirmed a new case of measles on Monday and are warning Broomfield and Westminster residents about possible exposure.
USALESS.COM is recalling its Rhino Choco VIP 10X product due to the undeclared presence of Tadalafil, which is the active ingredient in Cialis.
The Colorado Department of Public Health and Environment says a Broomfield child with a confirmed case of measles recently visited multiple locations across the metro area while they were contagious.
In a few days federal funding will be ending for pediatric brain tumor research, and doctors and families are wrapping up clinical trials and trying to transition the lifesaving work elsewhere.
The Colorado Department of Public Health and Environment has issued a warning about a possible measles exposure at Denver International Airport and a church in Littleton last weekend.
The plan for a church to purchase a section of strip mall near the library in Castle Rock would force a couple of longtime businesses to close.
The Iran war is renewing concerns about the strategically vital Strait of Hormuz. A prolonged closure could sharply drive up oil prices, experts said.
Nearly 150 burned cars now fill Jason Rol's lot at his car shop, Rol Race Motorsports, in Thornton. After a grass fire, his business estimates a total of nearly $1 million in damages across all his lots.
Stocks recovered on Monday after tumbling earlier in the day over concerns that the U.S.-Israel attacks on Iran could drive up energy costs.
Oil prices rose sharply when market trading began late Sunday over concerns that the supply from Iran and elsewhere in the Middle East would slow or grind to a halt.
A Colorado family is calling for change and sharing their struggle after a clinical trial their son relied on suddenly ended.
The case of a police officer who allegedly fled after off-duty road rage incident that ended in crash on I-25 is highlighting the hiring pressures small departments in Colorado face.
A popular youth hockey coach in southern Colorado has been arrested for investigation of felony child abuse after colliding on the ice with one of his players in a case that one of the coach's supporters called a "terrifying precedent for youth sports across the country."
A Denver judge this week ordered an area pastor, Tilo Lopez, to pay a family $311,000 in restitution after Lopez was criminally prosecuted in connection with a construction project he said he would do for the family.
The filing comes months after a judge ordered the company to pay more than $116 million for its role in the 2021 death of 6-year-old Wongel Estifanos.