CPI rose at an annual rate of 2.4% in January, cooler than expected
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
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Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Most Republicans feel Trump has done more than expected, while others have views that are more mixed.
Although there are signs that inflation is starting to ease, consumers still face pressures from high food prices and other costs.
Economists had expected CPI to rise at an annual rate of 3% last month.
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.
Wholesale prices for frozen turkeys are expected to be $1.32 per pound this year, a 40% increase from last year's average.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
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.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
Prices rose at an annual pace of 2.6% in July, the same rate as the previous month and in line with economist forecasts.
Americans are reining in their spending at fast-food restaurants as they continue to face economic uncertainty.
The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.
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.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
The country's GDP increased at an annual rate of 3%, a sharp turnaround from earlier this year when it fell 0.5%.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
McDonald's is reviving its long-lamented Snack Wrap and leaning into affordable eats as it looks to reverse a rare sales slump.
A truck became stuck in a sinkhole that formed on Wednesday near Orangelawn Street and Chatham Street in Detroit.
A series of memorial services will begin on Thursday to honor the late Reverend Jesse Jackson.
New Haven schools are resuming classes Thursday, with alternate arrangements in the works for lunch service, as a boil water advisory continues in the area.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
A bipartisan Senate duo is teaming up on legislation that would ban large investment firms from snapping up single-family homes, a measure they say is aimed at the country's housing affordability crunch.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
A truck became stuck in a sinkhole that formed on Wednesday near Orangelawn Street and Chatham Street in Detroit.
A series of memorial services will begin on Thursday to honor the late Reverend Jesse Jackson.
Gov. Gretchen Whitmer delivered her final State of the State address as Michigan's governor on Wednesday night.
New Haven schools are resuming classes Thursday, with alternate arrangements in the works for lunch service, as a boil water advisory continues in the area.
Union Vice President Laura Dickerson confirmed that the worker, TJ Sabula, "has no discipline on his record."
Some General Motors employees are taken aback by this year's profit-sharing checks, with it being $4,000 less than the previous one.
While many assume a "harsh" winter, or this bone-chilling, sustained cold, is the enemy of asphalt, the real culprit is temperature fluctuation.
In Metro Detroit, drivers are paying about $2.90 per gallon, which is 2 cents less than last week and 29 cents less than at the same time last year.
The winter storm that brought snow to Southeast Michigan on Sunday didn't stop car enthusiasts from leaving their homes for the final day of the 2026 Detroit Auto Show.
The Rock & Roll Hall of Fame has announced its 2026 list of nominees, including Phil Collins, Mariah Carey, Wu-Tang Clan and more.
Barry Manilow announced Friday he needs to reschedule several more concerts as he continues to recover following surgery after he was diagnosed with lung cancer.
"Jersey Shore" star Nicole "Snooki" Polizzi said in a TikTok video that her results at a post-op appointment for a cone biopsy showed stage 1 cervical cancer.
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
A bipartisan Senate duo is teaming up on legislation that would ban large investment firms from snapping up single-family homes, a measure they say is aimed at the country's housing affordability crunch.
The Detroit Pistons faced a shell of the defending champion Oklahoma City Thunder on Wednesday night in a possible NBA Finals preview.
Lawyers say China's government intervened and helped get charges dropped against three Chinese scientists at the University of Michigan.
Justin Verlander and Framber Valdez will receive the final payments from their new contracts with the Detroit Tigers in 2039, with the team deferring $31 million of the $128 million it committed to the pitchers.
About 50 million workers lack access to employer-sponsored retirement plans, a hurdle to setting aside money for old age.
Michigan lawmakers required schools to adopt a cardiac emergency response plan for the current school year if the Legislature appropriated "sufficient funds," but funding wasn't dedicated in the education budget.
What started as food poisoning for a young boy in Clinton Township turned into years of organ failure.
Officials announced eligibility for mothers and babies in the city of Detroit.
Two Metro Detroit representatives are among those sponsoring a bill that calls for a 32% tax on any wireless device purchased for someone age 17 and younger.
The Oakland Community Health Network will now be taking over that responsibility amidst a financial dispute between the two organizations.
The Detroit Pistons faced a shell of the defending champion Oklahoma City Thunder on Wednesday night in a possible NBA Finals preview.
Justin Verlander and Framber Valdez will receive the final payments from their new contracts with the Detroit Tigers in 2039, with the team deferring $31 million of the $128 million it committed to the pitchers.
Detroit Lions offensive tackle Taylor Decker has decided to return for an 11th season.
Elliot Cadeau had 15 points and L.J. Cason scored 11 of his 14 points in the second half as No. 3 Michigan beat Minnesota 77-67 on Tuesday night to clinch at least a share of the Big Ten title for the first time in five years.
Connor Hellebuyck stopped 41 of Team Canada's 42 shots in the Olympic gold medal match.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
Claressa Shields talks about giving back to the community and her efforts to increase equity for women in sports.
The roundtable discusses the impact of the high-profile game for advertisers, including Detroit-based Rocket and Redfin.
Could a new entertainment tax and a new sales tax be ahead for the Motor City?
As the 2026 Detroit Auto Show wraps up Sunday, the roundtable discusses the signature event and standout moments from the past two weeks.
A sinkhole on Detroit's west side that is several feet long, and several inches deep, damaged at least one vehicle when a motorist struck it. Here's a look at the barricades that are now up
A massive fire destroyed a St Clair County Sheriff's Office storage facility. A trial date will be rescheduled in the case of a Pontiac mother accused of child abuse. Other top stories and weather.
Good morning Family! Looking at mostly clear skies today with temps reaching into mid 30's. Staying dry the next few days with warmer temps into low mid 50's by Friday!!
A man's comment during the Warren City Council meeting Tuesday night has led to an open investigation involving the Secret Service.
A massive fire has essentially destroyed a St Clair County Sheriff's Office storage facility. While no one was hurt, the building holds evidence. So what does this mean for pending court cases in the county?