CPI surged in April as inflation soars to highest level in almost 3 years
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
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U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
The impact of higher energy prices and fears about covering monthly bill is taking a toll on public sentiment, a new Gallup poll finds.
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
The chain's North American operator forecast it will open 205 stores in 2026, although those openings will be outpaced by a series of closures.
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.
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.
Motorists in downtown Detroit may see road closed signs between Saturday and June 2 while crews prepare the area for the Grand Prix.
The Detroit Tigers fell to the Blue Jays 3-2 on Saturday after Daulton Varsho drove in the go-ahead run with a single in the 10th inning for Toronto.
A New York man accused of helping to lead a multi-state check fraud scheme has pleaded guilty, according to a court record filed Thursday in the U.S. District Court for the Eastern District of Michigan.
Game 7. That's a phrase that surely brings back a lot of good memories for fans of the Cleveland Cavaliers and Detroit Pistons.
Boil water advisories have been lifted for the Oakland County, Michigan, communities impacted by the water main break that happened in Auburn Hills earlier this month, the Great Lakes Water Authority said Saturday.
Boil water advisories have been lifted for the Oakland County, Michigan, communities impacted by the water main break that happened in Auburn Hills earlier this month, the Great Lakes Water Authority said Saturday.
The Swatch store at the Somerset Collection mall in Troy, Michigan, has canceled a product release event after an estimated crowd of hundreds of people gathered for it early Saturday, according to police.
A Michigan woman who owned a home care agency was convicted on charges relating to a $1.6 million scheme to defraud Medicare.
A significant weather shift is heading to Southeast Michigan over the next few days.
Motorists in downtown Detroit may see road closed signs between Saturday and June 2 while crews prepare the area for the Grand Prix.
Michigan is demanding repayment of $35 million from the American Center for Mobility, a key player in autonomous vehicle development.
A bipartisan bill introduced in Washington, D.C., by Michigan Congresswoman Debbie Dingell and Congressman John Moolenaar would prohibit the importation, manufacture or sale of Chinese cars in the United States.
Michigan's average diesel price on Sunday is $6 — the highest ever recorded by the American Automobile Association.
Ford Motor Company is recalling over 179,000 vehicles due to a front seat issue that can increase the risk of injury in a crash, the National Highway Traffic Safety Administration said.
A vote by UAW Local 2093 members will be on May 11. The UAW says that if approved, workers could walk out of the Three Rivers facility starting on May 31.
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
With summer not far behind, the city of Detroit is preparing for the highly anticipated 2026 Ford Fireworks next month.
Motown may be Detroit's most famous sound, but it's far from the only one.
Gene Simmons visited Detroit Rock City to celebrate the grand opening of a restaurant co-founded by him and his Kiss bandmate Paul Stanley.
The moon music tradition started more than 50 years ago, NASA said as it shared the Artemis II crew's playlist this week.
Spencer Torkelson drove in the winning run with an RBI single with two outs in the ninth inning and the Detroit Tigers snapped a three-game losing streak by edging the Toronto Blue Jays 3-2.
Cade Cunningham scored 21 points and the top-seeded Detroit Pistons dominated the second half, beating the Cleveland Cavaliers 115-94 to force a Game 7 in their Eastern Conference second-round series.
In a move aimed at curbing the growing problem of "teen takeovers," D.C. U.S. Attorney Jeanine Pirro is threatening to bring charges against parents if their teens violate the local curfew.
Sens. Tammy Duckworth of Illinois and Tammy Baldwin of Wisconsin say their concern is there may be more emergency exit doors than flight attendants in the event of an evacuation.
The Preakness Stakes featured its biggest field in 15 years with 14 horses in the middle jewel of horse racing's Triple Crown.
Teen tobacco use in Michigan is rising again, prompting calls for increased prevention spending.
A Texas couple is filing a lawsuit accusing the AI company of guiding their teenage son in using drugs, resulting in a fatal overdose.
An American on the repatriation flight began showing symptoms of hantavirus and another "tested mildly PCR positive for the Andes virus," the Department of Health and Human Services says.
More than 100 people from a cruise ship dealing with an outbreak of the rare and deadly hantavirus are set to be disembarked.
In 2002, Zermeño found out he contracted hantavirus after cleaning the family house following the death of his mother and sister. He had been exposed to rodent droppings and became infected.
Motorists in downtown Detroit may see road closed signs between Saturday and June 2 while crews prepare the area for the Grand Prix.
The Detroit Tigers fell to the Blue Jays 3-2 on Saturday after Daulton Varsho drove in the go-ahead run with a single in the 10th inning for Toronto.
Game 7. That's a phrase that surely brings back a lot of good memories for fans of the Cleveland Cavaliers and Detroit Pistons.
Spencer Torkelson drove in the winning run with an RBI single with two outs in the ninth inning and the Detroit Tigers snapped a three-game losing streak by edging the Toronto Blue Jays 3-2.
Cade Cunningham scored 21 points and the top-seeded Detroit Pistons dominated the second half, beating the Cleveland Cavaliers 115-94 to force a Game 7 in their Eastern Conference second-round series.
This week on Michigan Matters, the roundtable talks about the governor's race and the impact of former Detroit Mayor Mike Duggan.
The roundtable discusses the impact of rising gas prices and friction at the federal level with Canada and the U.S., and how it affects tourism.
Life Directions has been helping guide and mentor young people in Detroit.
Robert Costa, the award-winning national correspondent for CBS Sunday Morning and chief Washington analyst for CBS News, talks about Michigan's role in this critical midterm election.
Diallo Smith, CEO of Detroit nonprofit Life Remodeled, talks about its new opportunity hub on the east side of Detroit called Anchor Detroit.
The Michigan Department of Corrections says a female inmate's death at the Huron Valley Correctional Facility is under investigation.
Cade Cunningham scored 21 points and the top-seeded Detroit Pistons dominated the second half, beating the Cleveland Cavaliers 115-94 on Friday night to force a Game 7 in their Eastern Conference second-round series.
The heat is on, and so are the latest storm chances.
A suspect is dead after a shooting involving Michigan State Police and Waterford Township police Thursday night in Waterford, the agency said.
A Davison Township police body camera video shows how close a high school senior's "water wars" prank came to a deadly outcome — and the chief of police is now using the footage as a warning.