CPI surged in April as inflation soars to highest level in almost 3 years
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
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U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
The Federal Reserve is contending with rising inflation amid the war and a lackluster job market, along with the departure of Fed Chair Jerome Powell.
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
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.
Colorado now has its first law restricting how AI chatbots can interact with kids.
The family of a man shot and killed by an Aurora police officer says they're still looking for justice nearly a year later.
Since the end of its final racing season, Colorado's historic Bandimere Speedway has been slowly dismantling as it prepares to open a new racetrack in Hudson. Now, demolition has begun on one of its most iconic buildings.
A Colorado-based space technology company has secured a major NASA contract that could play a key role in future missions to the moon.
A year after Athletics & Beyond faced possible closure because of financial struggles, the nonprofit is now preparing for a major expansion. Last year, CBS Colorado reported the organization needed to raise $100,000 to offset funding losses.
Colorado now has its first law restricting how AI chatbots can interact with kids.
CBS Colorado hosted two of the three candidates running for governor in a debate as the Colorado primary draws near.
The family of a man shot and killed by an Aurora police officer says they're still looking for justice nearly a year later.
Since the end of its final racing season, Colorado's historic Bandimere Speedway has been slowly dismantling as it prepares to open a new racetrack in Hudson. Now, demolition has begun on one of its most iconic buildings.
A Colorado-based space technology company has secured a major NASA contract that could play a key role in future missions to the moon.
Colorado now has its first law restricting how AI chatbots can interact with kids. The bill was signed into law just over 2 ½ years after a Thornton mom lost her daughter to suicide.
Demolition has begun on one of Bandimere Speedway's most iconic buildings in Colorado.
CBS Colorado hosts two of the three candidates running for governor in a Voters Decide debate as the Colorado primary draws near. Barb Kirkmeyer and Scott Bottoms were both in attendance, Victor Marx declined to attend. Your Political Reporter Shaun Boyd moderates.
A Colorado-based space technology company has secured a major NASA contract that could play a key role in future missions to the moon.
Watch Dave Aguilera's Forecast
Since the end of its final racing season, Colorado's historic Bandimere Speedway has been slowly dismantling as it prepares to open a new racetrack in Hudson. Now, demolition has begun on one of its most iconic buildings.
Denver Broncos outside linebacker Jonathon Cooper has been arrested and accused of domestic violence.
Russell Wilson announced in a video on social media that he's retiring from the NFL after 14 seasons.
With voter support, a passenger rail stop at Burnham Yard could become part of the future Denver Broncos stadium development.
Rick Adelman, the Hall of Fame coach who led the Sacramento Kings through the most successful era in franchise history, has died, the National Basketball Coaches Association said on Monday. He was 79.
Anthony Head played librarian and mentor Rupert Giles in "Buffy the Vampire Slayer" and recently appeared in "Ted Lasso."
The additional payouts come from uncashed settlement funds and will be issued to eligible claimants beginning on June 9.
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Travel bans and conflict have disrupted supply chains in the Democratic Republic of Congo, leaving health workers without Ebola tests and protective gear needed to contain the outbreak.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
Colorado now has its first law restricting how AI chatbots can interact with kids.
CBS Colorado hosted two of the three candidates running for governor in a debate as the Colorado primary draws near.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
Colorado residents can now legally prepare and sell a wider range of homemade foods under a new law signed by Gov. Jared Polis.
Gov. Jared Polis signed legislation inspired by the family of cyclist Magnus White that requires law enforcement officers to offer a voluntary breath test to drivers involved in crashes with serious injuries or fatalities.
Travel bans and conflict have disrupted supply chains in the Democratic Republic of Congo, leaving health workers without Ebola tests and protective gear needed to contain the outbreak.
The FDA is moving ahead with a safety study of the abortion pill mifepristone, a senior FDA official confirmed to CBS News, a step that could create a path for the Trump administration to restrict access to the medication.
The first human case of West Nile virus in Colorado this year has been reported in Jefferson County.
Come January, pregnancy care physician billing codes will change from a bundled system to an à la carte one.
While 330 Ebola infections are confirmed in central Africa and huge challenges remain, hundreds more suspected cases "have been cleared out," the WHO says.
A Colorado-based space technology company has secured a major NASA contract that could play a key role in future missions to the moon.
The additional payouts come from uncashed settlement funds and will be issued to eligible claimants beginning on June 9.
The labor market continues to show strength despite rising inflation and concerns about slowing economic growth.
Wildfires are top of mind for many Colorado communities and homeowners. While residents are considering mitigation efforts, a wildfire protection company, called CitroTech, has now relocated its headquarters to Greenwood Village.
Denver's Ballpark Neighborhood, from Coors Field down to Welton Street, launched its own general improvement district a year ago.
Brandin Kreuzer, the man whose 50-year prison sentence for shooting a sheriff's deputy was commuted by Colorado's governor, says he is ashamed of the violence he committed as a 19-year-old.
Construction on a much-anticipated 10-acre entertainment district in Glendale has come to a halt, with the developer and the city accusing each other of being responsible for the project going off the rails.
An Aurora fire lieutenant will remain demoted after he and a fellow firefighter ran an Aurora police sergeant off the road with a fire truck last year.
A confidential investigative report commissioned by the City of Denver alleges a high-ranking Denver police division chief was "severely abusive."
The City of Denver and the parent company of the Denver Post have reached a tentative agreement to resolve a major lease dispute over the iconic downtown building that bears the newspaper's name, CBS News Colorado has learned.