Iran war has cost Americans $1,000 per household, economist estimates
The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
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The Iran war has significantly driven up the cost of fuel, airfare and other U.S. goods, according to Moody's Analytics chief economist Mark Zandi.
Inflation continued to rise in May, with the Personal Consumption Expenditures price index rising at an annual rate of 4.1%.
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.
All lanes of I-70 reopened Thursday morning in western Colorado, days after flash flooding and mudslide debris forced officials to close the interstate.
The FDA panel will review seven peptides and decide if they should be added to a list of substances that can be safely produced by compounding pharmacies.
The Secret Service said a member of Vice President JD Vance's detail is under investigation for "compromising operational and information security."
The recall affects white-shell and cage-free eggs sold under multiple grocery brands in six states. No illnesses have been reported.
The House on Thursday voted to direct President Trump to end the war with Iran, after four Republicans joined Democrats to rebuke the president over his handling of the conflict.
All lanes of I-70 reopened Thursday morning in western Colorado, days after flash flooding and mudslide debris forced officials to close the interstate.
Denver Health is expanding a program that puts whole blood directly into the hands of first responders, allowing patients with life-threatening injuries to begin receiving blood transfusions before they ever arrive at a hospital.
The Town of Castle Rock has implemented Stage 2 drought restrictions in response to sustained high water demand and low water supply.
Mile High Youth Corps workers teamed up with Genesee Foundation workers to thin forest areas in need of mitigation.
A Denver bar must "cease operations and close immediately," the city says, after one person was killed in a shooting there early Monday morning.
CDOT announced that all lanes on I-70 between Silt and New Castle have reopened after a mudslide that closed the highway on Monday.
Leilani Osmundson, Floyd Pierce, and Holly McCollough sat down with CBS Colorado to share how they plan on completing the 64 in 64 challenge. The trio will attempt to visit all of Colorado's 64 counties in 64 hours to celebrate Colorado's 150th birthday.
Colorado natives Danny and Zach Guarino, or better known as The Bread Basket, returned to Colorado to talk about how they've become internet comedy sensations.
The Arapahoe County Fair opened its doors on Thursday and is going all out to celebrate 120 years of the event.
Watch meteorologist Callie Zanandrie's forecast.
Colorado general manager Josh Byrnes helped orchestrate a trade with his former team Monday as the Rockies sent right-hander Seth Halvorsen to the Los Angeles Dodgers for two minor league players.
When Brady Russell helped douse his coach Mike McDonald with Gatorade after winning the Super Bowl, he wasn't only celebrating a championship but a long, hard journey to football's mountain top.
As Spain's World Cup champs took to the stage with their trophy, President Trump joined them in their moment of glory.
Spain dominated the match, outshooting Argentina 20-3, but couldn't manage a goal in regulation — finally scoring in the second period of extra time.
It was the highest-scoring World Cup game since Hungary beat El Salvador 10-1 in 1982.
The Secret Service said a member of Vice President JD Vance's detail is under investigation for "compromising operational and information security."
The recall affects white-shell and cage-free eggs sold under multiple grocery brands in six states. No illnesses have been reported.
The House on Thursday voted to direct President Trump to end the war with Iran, after four Republicans joined Democrats to rebuke the president over his handling of the conflict.
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
The GOP chair of the House Judiciary Committee encouraged the DOJ to look into criminally charging Jack Smith, alleging the former special counsel who brought charges against President Trump lied to Congress.
The Secret Service said a member of Vice President JD Vance's detail is under investigation for "compromising operational and information security."
The House on Thursday voted to direct President Trump to end the war with Iran, after four Republicans joined Democrats to rebuke the president over his handling of the conflict.
The U.S. Navy is taking a major step to restrict press access to information about service members by no longer releasing information about any sailor's service history.
The GOP chair of the House Judiciary Committee encouraged the DOJ to look into criminally charging Jack Smith, alleging the former special counsel who brought charges against President Trump lied to Congress.
Secret Service officials warned nationwide threats have reached an unprecedented level since January, nearly 40% higher than during the same period last year.
The FDA panel will review seven peptides and decide if they should be added to a list of substances that can be safely produced by compounding pharmacies.
The recall affects white-shell and cage-free eggs sold under multiple grocery brands in six states. No illnesses have been reported.
Denver Health is expanding a program that puts whole blood directly into the hands of first responders, allowing patients with life-threatening injuries to begin receiving blood transfusions before they ever arrive at a hospital.
As Colorado experiences more extreme weather, from prolonged droughts and wildfires to heavy rainfall and flooding, researchers are taking a closer look at a consequence of climate change: the potential impact on human health.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
The recall affects white-shell and cage-free eggs sold under multiple grocery brands in six states. No illnesses have been reported.
The last time global oil prices settled above $100 was on May 22, data from FactSet shows.
The EU fined Google 890 million euros ($1 billion) after it said the tech giant broke digital antitrust regulations by setting up Google Play and its search engine to steer consumers toward its own services and apps over others'.
The Stop Insider Trading Act would prohibit members of Congress, their spouses and dependent children from purchasing publicly traded stocks.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
A man who stopped to help victims of a devastating motorcycle crash instead found himself handcuffed, jailed and accused of driving under the influence -- despite repeatedly asking officers to administer a breath test that he believed would prove his innocence.
For Billy Hailey, his release was a day he had been waiting for and working toward for 20 years. Now, he is unexpectedly back in custody after the state says it miscalculated the date.
A second family in Colorado says a little-known insurance rule has left them fighting two companies to get medical bills paid.
Memorials are being held in the hometowns of three wildland firefighters who died while battling a fire on the Colorado-Utah border. Meanwhile, the circumstances surrounding their deaths are still under investigation.
Concerns are emerging about a company formerly known as COE Bikes, which continues advertising free e-bikes and is now drawing scrutiny from state agencies.