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.
In lockdown and confusion and fear following an attack at nearby Temple Israel in West Bloomfield, Michigan, the staff at Soul Café made pizza — cheese, mushroom, and margherita.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
The CBS News Detroit NEXT Weather Team has declared Sunday as a NEXT Weather Alert Day due to expected high winds and thunderstorms.
The Detroit Chapter of the National Action Network is calling on people of all faiths to come together after the synagogue attack on Thursday in West Bloomfield, Michigan.
The Michigan State Spartans men's basketball team lost in the quarterfinals of the Big Ten Tournament on Friday to UCLA, a squad they beat by 23 less than a month ago.
Ayman Mohamad Ghazali made two purchases at a Phantom Fireworks store in Livonia, Michigan. He told the store staff the fireworks were for the end of Ramadan.
A round of high wind develops Sunday afternoon as the warm sector of a low pressure system builds into lower Michigan.
A sprawling, late-season winter storm is set to deliver a crippling blow to Michigan's Upper Peninsula and the northern Lower Peninsula starting Saturday night.
A public works employee in Huntington Woods, Michigan, is dead after a limb fell on him while he was clearing a road on Friday night, the city said.
The Detroit Chapter of the National Action Network is calling on people of all faiths to come together after the synagogue attack on Thursday in West Bloomfield, Michigan.
The United Auto Workers says that Detroit Diesel is adding a third shift, recalling laid-off workers and hiring dozens more people.
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.
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.
Six U.S. service members who were killed in a military refueling aircraft crash over Iraq last week have been identified as members of the Ohio Air National Guard and Florida-based crew members.
The Detroit Chapter of the National Action Network is calling on people of all faiths to come together after the synagogue attack on Thursday in West Bloomfield, Michigan.
Federal Communications Commission Chair Brendan Carr did not name specific networks, but his post included a reference to a Saturday morning Truth Social post from the president.
TSA officers faced their first full missed paycheck Friday.
U.S. Navy Seaman 1st Class Clyde C. McMeans, 26, was one of the 103 USS California crewmen killed during attacks on Pearl Harbor in 1941.
A second resident of Washtenaw County is suspected to have measles, as health officials continue an investigation about potential cases and exposure sites.
A measles case has been confirmed in Washtenaw County, with health officials investigating when and where others may have been exposed in Southeast Michigan.
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.
The Michigan State Spartans men's basketball team lost in the quarterfinals of the Big Ten Tournament on Friday to UCLA, a squad they beat by 23 less than a month ago.
Jalen Duren had 30 points and 13 rebounds and Cade Cunningham added 17 points and 15 assists as the Detroit Pistons handed the Memphis Grizzlies their seventh straight loss with a 126-110 victory on Friday night.
Jake Guentzel and Gage Goncalves each scored twice, Andrei Vasilevskiy made 23 saves and the Tampa Bay Lightning beat the Detroit Red Wings 4-1 on Thursday night.
Duncan Robinson scored 19 points and the Eastern Conference-leading Detroit Pistons beat the Philadelphia 76ers 131-109 on Thursday night for their second straight victory after a season-worst four-game losing streak.
Former Michigan linebackers coach Chris Partridge is suing the university, its board of regents and its athletics director for firing him in 2023.
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.
Storms tonight
It was a dramatic finish between Michigan and Wisconsin in the men's basketball Big Ten Tournament on Saturday in Chicago. The Wolverines' Yaxel Lendenborg made a tiebreaking 3-pointer with less than a second remaining in the game to help send his team to the championship. Matt Finkel reports from the United Center.
AAA says gas prices have risen 23% since the war in Iran started on Feb. 28. Willie James Inman reports on Americans' reactions to the price spike and what President Trump is saying about the schedule of the conflict.
Shoppers on Saturday had a chance to get their hands on designer brand apparel while supporting the Salvation Army. The money raised will support the organization's rehabilitation center in Detroit.
Members of the National Action Network, a civil rights organization, are denouncing the attack at Temple Israel in West Bloomfield that happened on Thursday. CBS News Detroit's Veronica Ortega reports from Detroit bout their message.