Beef prices in the U.S. are searingly high. Here's why.
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?
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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.
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
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.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
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.
Americans express concern about their ability to pay bills and save money.
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.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
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.
The match at Centre Court was the second-straight final between Carlos Alcaraz and Jannik Sinner.
The boy left his home on the 9100 block of Littlefield Street without permission on Saturday and has not been seen since, according to police.
Officials found the man dead at the former Southwest Detroit Hospital on the 2400 block of 20th Street on Saturday around 1:33 a.m.
Ground search operations were suspended Sunday in Kerr County, Texas, where crews have continued to look for those still lost after catastrophic July 4 flooding.
According to the Homeless Action Network of Detroit, there are over 7,000 people experiencing homelessness in the city.
A man is in custody after he barricaded himself inside Stellantis' assembly plant in Sterling Heights with a firearm Saturday, police said.
Wildfire smoke from Canada will be moving into Michigan from Saturday to Monday, creating poor air quality across the state.
The match at Centre Court was the second-straight final between Carlos Alcaraz and Jannik Sinner.
"This report reveals a disturbing pattern of communication failures and negligence that culminated in a preventable tragedy," Sen. Rand Paul wrote in the report.
According to the Homeless Action Network of Detroit, there are over 7,000 people experiencing homelessness in the city.
A 15-gallon tank of gas costs motorists about $46, around $11 less than the highest price drivers paid in July 2024.
General Motors announced on Tuesday a $4 billion investment over the next two years in three U.S. manufacturing plants, one of which is located in Michigan.
A 15-gallon tank of gas costs motorists about $48, around $9 less than the highest price drivers paid in July 2024.
A 15-gallon tank of gas costs motorists about $46, around $11 less than the highest price drivers paid in July 2024.
The three-day event runs May 30 through June 1 and is highlighted by the 35th running of the NTT IndyCar Series Detroit Grand Prix.
The two have criticized each other publicly for years, an often bitter back-and-forth that predates President Trump's involvement in politics.
This weekend, Brighton, Michigan, will be showcasing everything the city has to offer through its annual Taste of Brighton festival.
Detroit-based artist Tiff Massey's "Baby Bling" exhibit will have a permanent home at the Detroit Institute of Arts after the success of her temporary art exhibition, "7 Mile + Livernois."
Julian McMahon's last acting role before his death was playing the prime minister of Australia in Netflix's murder mystery series "The Residence."
Joey Chestnut is returning to the 2025 Nathan's Hot Dog Eating Contest. Here's how and when to watch.
Ground search operations were suspended Sunday in Kerr County, Texas, where crews have continued to look for those still lost after catastrophic July 4 flooding.
"This report reveals a disturbing pattern of communication failures and negligence that culminated in a preventable tragedy," Sen. Rand Paul wrote in the report.
The White Sage Fire, located in Kaibab National Forest, has forced hundreds to evacuate.
The two have criticized each other publicly for years, an often bitter back-and-forth that predates President Trump's involvement in politics.
Several lots of Hartford Bakery, Inc.'s "Lewis Bake Shop Artisan Style 1/2 Loaf" may contain undeclared hazelnuts, the company said.
Many Southeast, Southern and West Coast states are likely seeing an increase in COVID cases.
A judge has rejected a challenge to Michigan's ban on taxpayer-funded abortions for low-income residents.
As of July 1, county health officials have reported 10 cases of the disease in 2025.
EGLE claims there are "significant deficiencies" in the management of Wyandotte's water system. The city says its water is safe.
Experts advise paying close attention to where you're launching or landing the displays.
The match at Centre Court was the second-straight final between Carlos Alcaraz and Jannik Sinner.
Tigers All-Star Casey Mize (9-3) allowed six runs in three innings as Detroit was routed by the Seattle Mariners 15-7.
Detroit City Football Club returns to Keyworth Stadium this Saturday, as they host an Eastern Conference battle against Hartford Athletic.
Cal Raleigh hit his 37th and 38th home runs to move within one of Barry Bonds' 2001 record for homers before the All-Star break, and the Seattle Mariners beat Detroit 12-3 on Friday night to end Tarik Skubal's three-month unbeaten streak.
Joe Coleman, a lanky right-hander who won 142 games in 15 major league seasons and was an All-Star in 1972 with Detroit, has died.
This week, the roundtable discusses the efforts to grow the aerospace industry in Michigan.
With the Fourth of July holiday almost here, the Salute to America Program featuring the Detroit Symphony Orchestra with nightly fireworks will be held July 2-5 at The Henry Ford in Dearborn, as it has for over 30 years.
Lots of big-name golfers are scheduled to play, including Cam Davis, Rickie Fowler, Tony Finau and Nate Lashley.
Canada is Michigan's No. 1 trading partner and vice versa, with cars, car parts, agriculture, tourism and more as products and people crossing bridges and tunnels between our state and our northern neighbor to the tune of billions each year.
Over 1,500 leaders from all corners of the state gathered at the Detroit Regional Chamber's Mackinac Policy Conference.
A man is in custody after a three-hour standoff with law enforcement at Stellantis' assembly plant in Sterling Heights on Saturday afternoon, police say. Officers at the scene and the man weren't injured.
Air Quality Advisory as wildfire smoke moves in
The Detroit group Autism in the D hosted a sensory-friendly event at the Durfee Innovation Society on Saturday in an effort to promote autism awareness. According to the organization, 1 in 36 kids nationwide are diagnosed with autism.
The hosts of Detroit Table Talk held their annual Time to Feed the Homeless event on Saturday. Hundreds were given a free hot meal and other items, including personal hygiene products.
Samir Grubbs, one of the two people killed in a shooting at Skinner Playfield in Detroit, was celebrated by dozens of loved ones on Saturday. That includes Detroit Police Chief Todd Bettison.