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 Westland, Michigan, man accused of being involved in a multi-state drug trafficking ring has been sentenced to three years of probation, according to the U.S. Attorney's Office.
Wright State wins the Horizon League title with a late rally and holds off Detroit Mercy, 66-63.
The Pioneers will often practice or play games while fasting while observing the holiday, which runs through March 19.
On Tuesday, leaders announced former City Clerk Rana Faraj was fired due to what they call "the discovery of partisan punching bags featuring candidates' faces inside the Clerk's office."
The Detroit Lions are losing another player, this time it's wide receiver Kalif Raymond, who is reportedly heading to the Chicago Bears.
Strong to possibly severe thunderstorms are expected across Southeast Michigan, beginning Tuesday night.
Dale Warner, a Michigan man accused of killing his wife, Dee Warner, was found guilty of second-degree murder and tampering with evidence on Tuesday, March 10.
AAA says motorists are paying an average of $3.53 a gallon for regular unleaded gas in the United States.
A Westland, Michigan, man accused of being involved in a multi-state drug trafficking ring has been sentenced to three years of probation, according to the U.S. Attorney's Office.
Wright State wins the Horizon League title with a late rally and holds off Detroit Mercy, 66-63.
AAA says motorists are paying an average of $3.53 a gallon for regular unleaded gas in the United States.
For the first time in 15 years, Stellantis is not issuing a profit-sharing distribution to UAW-represented employees.
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.
A woman was arrested on Sunday for firing multiple shots at the Beverly Hills home of Rihanna, Los Angeles Police Department officials say.
A restaurant celebrating rock music in the era of the legendary band Kiss is set to open in Royal Oak.
Six Flags is selling off some of its North America amusement parks, including Michigan's Adventure in Muskegon.
Actor and filmmaker Bruce Campbell told fans that he is in treatment for cancer and will cancel some upcoming public appearances.
Faster Horses, a multi-day country music festival, will not return this summer to Michigan International Speedway.
Wright State wins the Horizon League title with a late rally and holds off Detroit Mercy, 66-63.
A person with knowledge of the agreement says Detroit is adding running back Isiah Pacheco to replace David Montgomery after the Lions traded Jahmyr Gibbs' backup before free agency started.
The Strategic Petroleum Reserve is designed to cushion disruptions to U.S. oil supplies during emergencies.
Tarik Skubal will not pitch again in the World Baseball Classic.
Defense Secretary Pete Hegseth said Tuesday that it would be the "most intense day" of strikes against Iran so far.
Michigan Medicine will drop thousands of Blue Cross Blue Shield members if a deal isn't reached.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Water testing has detected "low levels" of Legionella bacteria at two more Oakland County government buildings.
Tests of dozens of baby formulas by Consumer Reports found that nearly half contained potentially dangerous chemicals.
Henry Ford Health and Teamsters Local 332 remain locked in a labor dispute over a nurses' contract.
Wright State wins the Horizon League title with a late rally and holds off Detroit Mercy, 66-63.
The Pioneers will often practice or play games while fasting while observing the holiday, which runs through March 19.
The Detroit Lions are losing another player, this time it's wide receiver Kalif Raymond, who is reportedly heading to the Chicago Bears.
A person with knowledge of the agreement says Detroit is adding running back Isiah Pacheco to replace David Montgomery after the Lions traded Jahmyr Gibbs' backup before free agency started.
Tarik Skubal will not pitch again in the World Baseball Classic.
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.
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.
Strong winds, hail, heavy rain and isolated tornadoes are all possibilities overnight Tuesday to Wednesday in Michigan.
Fresh off a district championship, the Dearborn High School girls basketball team is competing in the MHSAA Division 1 regional semifinals.
On Tuesday, leaders announced former City Clerk Rana Faraj was fired due to what they call "the discovery of partisan punching bags featuring candidates' faces inside the Clerk's office," which violates Michigan state law that requires non-partisan neutrality in city offices.
Thunderstorms with a risk of severe weather will move through overnight.
On Dec. 10, 2025, residents at the Leland House in Detroit were displaced after an electrical failure cut the power and heat, prompting the city's fire marshal to declare the building unsafe to enter.