Pay for American workers is lagging inflation — again
U.S. wage growth is lagging inflation for the first time since 2023, eroding consumers' purchasing power.
Watch CBS News
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.
The percentage of Americans just scraping by financially is rising as wage growth slows and inflation flares, Bank of America finds.
Wholesale prices for frozen turkeys are expected to be $1.32 per pound this year, a 40% increase from last year's average.
Although grocery prices have continued to climb in 2025, a Thanksgiving dinner will cost 2% to 3% less this year, one analysis found.
Police in Denver investigated a car crash early Tuesday morning, where investigators believe a vehicle crashed, causing massive damage.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
The Denver City Council unanimously voted to pass a moratorium to halt the construction of data centers for the next year after several hours of community testimony on Monday night.
Survivors say they'd asked for more medical support before the Iranian drone strike that killed six U.S. soldiers at their command post in Kuwait in the war's first 24 hours.
An uptick in people skipping Obamacare premium payments in many states suggests the Affordable Care Act's rising costs are hitting home for 2026 enrollees.
Police in Denver investigated a car crash early Tuesday morning, where investigators believe a vehicle crashed, causing massive damage.
The Denver City Council unanimously voted to pass a moratorium to halt the construction of data centers for the next year after several hours of community testimony on Monday night.
Denver police report over the last 5 years, on average 74 dogs are reported stolen in the city every year. One of the most recent cases they are now investigating involves a 6-year-old lab mix.
Aurora police have to follow new rules for posting on social media. The Aurora City Council passed a resolution on Monday night requiring the city manager to approve police posts.
A Colorado climber who survived a 40-foot fall near Wolcott last winter is now speaking publicly about it.
The Colorado Avalanche is adding watch parties for the Western Conference Final on-the-road games.
Communication 101: "Kids Style" is a Colorado-based program focused on helping kids build confidence, kindness, and real-life skills.
First Alert Weather Tracker follows the snow falling on Berthoud Pass in Colorado's mountains.
Watch Alex Lehnert's forecast
Denver police are investigating an early morning crash that sent a car into a fence, stop sign and finally a home.
Ronda Rousey used her signature armbar to stop Gina Carano just 17 seconds into a comeback bout between the two MMA fighters.
FIFA President Gianni Infantino joked that if someone does pay $2 million for a ticket to the World Cup final, "I will personally bring him a hot dog and a Coke."
The Preakness Stakes featured its biggest field in 15 years with 14 horses in the middle jewel of horse racing's Triple Crown.
The Broncos full NFL schedule is out and includes late-season rematches against Denver's 2025 playoff opponents.
The NHL announced that the Colorado Avalanche will be playing their first game of the Western Conference finals next Wednesday.
Independent scientists say the technology, while impressive, lacks some components to be truly considered an artificial egg.
Survivors say they'd asked for more medical support before the Iranian drone strike that killed six U.S. soldiers at their command post in Kuwait in the war's first 24 hours.
Iran executed more than twice as many people last year as it did in 2024, according to a new report by Amnesty International.
Thirty years ago, a Cuban fighter jet shot down two civilian planes operated by Florida-based exile group Brothers to the Rescue, an incident that inflamed U.S.-Cuba relations.
U.S. wage growth is lagging inflation for the first time since 2023, eroding consumers' purchasing power.
Survivors say they'd asked for more medical support before the Iranian drone strike that killed six U.S. soldiers at their command post in Kuwait in the war's first 24 hours.
An uptick in people skipping Obamacare premium payments in many states suggests the Affordable Care Act's rising costs are hitting home for 2026 enrollees.
Thirty years ago, a Cuban fighter jet shot down two civilian planes operated by Florida-based exile group Brothers to the Rescue, an incident that inflamed U.S.-Cuba relations.
Veronica Seabron's life changed forever when her son Jalin was shot and killed outside a Main Event in Highlands Ranch last year by a Douglas County Sheriff's deputy responding to a call about an active shooter.
The Trump administration announced it's restricting people who don't have U.S. passports from entering the country if they have been in Congo, South Sudan or Uganda amid the Ebola outbreak.
An uptick in people skipping Obamacare premium payments in many states suggests the Affordable Care Act's rising costs are hitting home for 2026 enrollees.
The virus behind the latest Ebola outbreak is the Bundibugyo virus, which is less common and there is no vaccine or treatment.
The Trump administration announced it's restricting people who don't have U.S. passports from entering the country if they have been in Congo, South Sudan or Uganda amid the Ebola outbreak.
A Colorado man in need of a kidney was saved by a movie fan. Now he's working to help others find donors through cinema.
On Friday, the Colorado Department of Public Health and Environment confirmed a fatal case of hantavirus in the state.
An uptick in people skipping Obamacare premium payments in many states suggests the Affordable Care Act's rising costs are hitting home for 2026 enrollees.
U.S. wage growth is lagging inflation for the first time since 2023, eroding consumers' purchasing power.
California jury dismissed all charges, finding that Musk missed the three-year statute of limitations to file suit.
After multiple surprise extensions and a few late season snowstorms, Colorado's long and difficult ski season has officially come to a close.
Gas prices, inflation weigh on Americans. Many see lack of clarity on what's happening in Iran.
A federal system is working to crack down on trucks skirting safety regulations, a problem inspectors are seeing on Colorado roadways.
Glendale city leaders are forcefully opposing Colorado's proposed Bus Rapid Transit project on Colorado Boulevard, warning the plan could dramatically worsen traffic for drivers while delivering only modest transit gains.
A jury in Douglas County awarded a New Jersey man $24 million after he sued a Parker police detective for malicious prosecution and false arrest.
A Denver County Court judge on Friday sentenced a vocal police critic to 60 days in jail and two years of probation, saying he needed to send a message that would deter her and her YouTube followers from future doxing of law enforcement.
City-funded contractors have been moving through Denver neighborhoods, replacing sections of sidewalks, frustrating some homeowners. The work was part of a broader program aimed at making city sidewalks more usable and accessible.