MoneyWatch price tracker shows how much food, utility, housing costs are rising
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
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These charts track prices consumers pay for groceries and other goods now compared to five years ago.
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.
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.
Large hail, straight-line winds and tornadoes all are possible Thursday in Southeast Michigan under a severe weather threat.
Community residents packed the Ann Arbor Public Schools board meeting on Wednesday as a salary stalemate with teachers continues.
According to AAA, the average gallon of gas in Michigan is now up to $4 a gallon, a $1 increase from last month.
CJ McCollum scored 27 points, making the tiebreaking three-point play in overtime, and the Atlanta Hawks beat the Detroit Pistons 130-129 on Wednesday night.
An investigation is underway after authorities say an 81-year-old driver crashed into a Kroger store on Wednesday in Ypsilanti Township.
Southeast Michigan is bracing for a dramatic shift in weather on Thursday, as a strong cold front collides with unseasonably warm air, bringing the potential for severe thunderstorms to the region.
According to AAA, the average gallon of gas in Michigan is now up to $4 a gallon, a $1 increase from last month.
Large hail, straight-line winds and tornadoes all are possible Thursday in Southeast Michigan under a severe weather threat.
The Detroit Tigers have released their 2026 Opening Day roster ahead of their three-game series with the San Diego Padres.
Community residents packed the Ann Arbor Public Schools board meeting on Wednesday as a salary stalemate with teachers continues.
Cities in Michigan lose big tax revenue from pollution-control tax breaks, and many do not track what they give up.
Gas prices are currently hovering just below $4 a gallon in much of Michgan, AAA says.
Henry Ford introduced the moving assembly line, a system that reshaped industrial production and helped make automobiles more accessible to the public.
A $4.3 billion investment is going toward a battery cell manufacturing plant in Lansing, Michigan, to provide Tesla with prismatic battery cells.
The United Auto Workers says that Detroit Diesel is adding a third shift, recalling laid-off workers and hiring dozens more people.
It's a sign that Metro Detroiters are ready to say goodbye to winter and welcome spring, and the Marche du Nain Rouge is a feast for the eyes.
Chuck Norris' family said his death at 86 was sudden, but did not share any details on the cause.
Afroman spoke to CBS News after he won the case, which tested the limits of parody and the license artists can take in social commentary directed at public figures.
Short film director Sam Davis gave a shout out to his Michigan hometown when accepting an Oscar award on Sunday.
The film follows CBS News correspondent Steve Hartman and photographer Lou Bopp through their seven-year journey to document the toll of America's school shooting epidemic.
According to AAA, the average gallon of gas in Michigan is now up to $4 a gallon, a $1 increase from last month.
CJ McCollum scored 27 points, making the tiebreaking three-point play in overtime, and the Atlanta Hawks beat the Detroit Pistons 130-129 on Wednesday night.
The U.S. Postal Service is raising some postage prices to help offset the federal agency's rising transportation costs as fuel prices surge.
In a post on X Saturday, Musk offered to pay the salaries of TSA workers during the DHS shutdown.
The verdict, which caps a weeks-long trial in Los Angeles, could set a legal precedent for similar allegations brought against social media companies.
A child under the age of 5 is now the latest case of measles in an outbreak being traced in Washtenaw County, Michigan.
As communities across the country face growing fears of increased immigration enforcement patrols, a coalition of civil rights advocates and health care professionals in Michigan is banding together to offer support for those on the frontlines.
Oakland County officials say medical debt impacts approximately 114,000 county residents.
A measles outbreak continues to expand in Southeast Michigan, with a fourth suspected case now reported in Washtenaw County.
Michigan health officials have identified a measles outbreak in Washtenaw County after three linked cases were reported since March 12.
CJ McCollum scored 27 points, making the tiebreaking three-point play in overtime, and the Atlanta Hawks beat the Detroit Pistons 130-129 on Wednesday night.
The Detroit Tigers have released their 2026 Opening Day roster ahead of their three-game series with the San Diego Padres.
The Detroit Tigers are preparing to welcome fans back to Comerica Park for the 2026 Major League Baseball season
Carter Yakemchuk scored a second-period goal and also had an assist in his NHL debut as the streaking Ottawa Senators edged the Detroit Red Wings 3-2.
Bonner-Prendergast graduate Kevin McGonigle, baseball's No. 2-rated prospect, has made the Detroit Tigers' opening day roster.
Dave Coulter updates Oakland County's move to its new offices in downtown Pontiac and when that might take place.
Gardner White opened doors in Detroit in 1912, and the retailer continues to expand with nine new stores planned this year.
Rose talks about a new TV series being filmed in Detroit called "South West High," which revolves around a fictional high school in the Motor City.
As Women's History Month kicks off, Donna Murray-Brown, the new president and CEO of Inforum, appears on Michigan Matters.
Penske, a business and racing legend, turns 89 on Feb. 20 and is celebrating his 60th year in racing during 2026.
The acting head of the Transportation Security Administration warns that some airports might be completely shut down as a result of the federal budget stalemate. This comes as long lines are reported at some airports across the country where TSA checkpoints are short-staffed.
The U.S. Postal Service said on Wednesday that it is temporarily hiking postage prices to account for surging fuel costs caused by the Iran war.
Temperatures will warm up to the mid-upper 60s on Thursday in Metro Detroit. Showers and thunderstorms will develop this afternoon and taper off during the late evening hours. The National Weather Service says there is a Slight Risk of severe weather in Michigan along and south of I-94, with wind, hail, and tornadoes all possible. CBS Detroit's weather team will keep you informed throughout the day.
A Detroit woman accused of organizing a theft ring at Ulta Beauty stores in Metro Detroit pleaded guilty, according to the Michigan Attorney General's office.
There was a show of support by a group of Ann Arbor teachers at a school board meeting contract talks continue.