Inflation topped 4% in May as CPI surged to highest level in 3 years
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
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The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
Gas prices, airfares, accommodations and other vacation essentials are more expensive this year compared to last year.
U.S. wage growth is lagging inflation for the first time since 2023, eroding consumers' purchasing power.
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
The AI boom propped up U.S. economic growth in the first quarter, but inflation due to the Iran war is casting a cloud.
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.
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
The cost of ground beef in the U.S. has soared in recent years and is forecast to jump even further in 2026. What gives?
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.
Economists say the conflict in Iran is making a recession more likely, with higher energy prices hitting consumers and businesses.
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
The inflation data captures the period before the Iran war broke out. Since then, oil prices have surged, driving inflation fears.
Stocks fell after new government data showed U.S. employers shed 92,000 jobs in February and as investors fret over oil prices.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Most Republicans feel Trump has done more than expected, while others have views that are more mixed.
Food prices in December saw their biggest jump in more than three years, data shows, while the cost of eating out has also risen.
Economists had expected CPI to rise at an annual rate of 3% last month.
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.
A higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
A small plane crash caused a grass fire on Wednesday in southern Colorado. It happened in Rio Grande County, and one person was injured.
Colorado Attorney General Phil Weiser has accepted tens of thousands of dollars in campaign contributions that his opponent claims create a conflict of interest.
An Arizona woman who got lost while hiking in southwestern Colorado was rescued this week after a 2-hour search.
Another major train station rebuilding in Colorado is underway. After a more than 10-year journey for the owners, progress is beginning to show at the Grand Junction Union Station.
The University of Denver is working on a restructuring, as it looks to design itself for years ahead.
A small plane crash caused a grass fire on Wednesday in southern Colorado. It happened in Rio Grande County, and one person was injured.
Colorado Attorney General Phil Weiser has accepted tens of thousands of dollars in campaign contributions that his opponent claims create a conflict of interest.
An Arizona woman who got lost while hiking in southwestern Colorado was rescued this week after a 2-hour search.
Another major train station rebuilding in Colorado is underway. After a more than 10-year journey for the owners, progress is beginning to show at the Grand Junction Union Station.
The University of Denver is working on a restructuring, as it looks to design itself for years ahead.
A wildfire is forcing some Colorado residents who live in the southern part of the state out of their homes. The Bear Fire started on Wednesday in Las Animas County.
A fire that started in a backyard in the western Colorado city of Rifle on Wednesday spread in windy conditions wound up destroying an eight-unit apartment building.
Colorado Attorney General Phil Weiser has accepted tens of thousands of dollars in campaign contributions that his opponent claims create a conflict of interest.
A small plane crash caused a grass fire on Wednesday in southern Colorado. It happened in Rio Grande County, and one person was injured.
Another major train station rebuilding in Colorado is underway. After a more than 10-year journey for the owners, progress is beginning to show at the Grand Junction Union Station.
The U.S. Embassy said Americans traveling to Mexico for the World Cup should look at advisories for the region they will be visiting.
This week Colorado Avalanche captain Gabriel Landeskog became the first NHL player to win the Masterton Memorial Trophy and the Messier Leadership honor in the same season.
The U.S. being a host country for the World Cup generates interest among fans, but less so among those who are not soccer fans.
Eleven U.S. cities will host hundreds of thousands of World Cup fans over the next few weeks.
Federal immigration authorities barred a Somali soccer referee who was slated to officiate the FIFA World Cup from entering the U.S. over the weekend, citing "vetting concerns."
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
The vice president said President Trump "has been very clear about what is in our best interest" as the relationship with Israel is tested over the Iran war.
NASA's Jared Isaacman says the crew was selected solely based on their experience, expertise and availability for flight assignment.
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
A growing number of Europeans see the U.S. as a rival or an adversary, especially in Denmark, France, Spain and Switzerland, according to the poll.
Colorado Attorney General Phil Weiser has accepted tens of thousands of dollars in campaign contributions that his opponent claims create a conflict of interest.
The vice president said President Trump "has been very clear about what is in our best interest" as the relationship with Israel is tested over the Iran war.
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
House Oversight and Reform Committee Chairman James Comer said he wants Acting Attorney General Todd Blanche to appear before lawmakers in July.
Bill Gates told members of Congress on Wednesday that Jeffrey Epstein put his philanthropic work at risk, and that meeting him represented "a grave error in judgment."
A sunscreen ingredient that's been available in Europe, Japan and South Korea for years has finally been approved by the FDA for sale in the U.S.
Mishika Bhatia recently graduated high school and well into the research for a treatment for Polyendocrine Metabolic Ovarian Syndrome.
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.
The iPhone was introduced in 2007, the same year the U.S. birth rate started to slide. The issues could be linked, a new analysis finds.
President Trump said the U.S. has taken out "millions" of barrels of Iranian oil in the dead of night, and said inflation will come down when the war ends.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
A new law in Colorado expands access to solar panels by legalizing small, portable plug-in units.
Medicare's hospital insurance trust fund will be unable to pay full benefits in 2033, which could lead to higher health care costs for Americans over 65.
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.