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.
Democratic Reps. Robert Garcia and Rashida Tlaib are putting pressure on Ambassador Bridge owner Matthew Moroun after Moroun reportedly met with Commerce Secretary Howard Lutnick.
A Detroit police sergeant and officer were suspended without pay for 30 days on Thursday following a vote from the Board of Police Commissioners.
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
The U.S. Department of Justice announced a new investigation into three Michigan school districts to determine if they have added "sexual orientation and gender ideology" content in any of their classes without giving parents the option to opt their kids out.
Detroit police on Thursday gave an update on the three bodies that were found on Wednesday in the basement of a Detroit home.
A Detroit police sergeant and officer were suspended without pay for 30 days on Thursday following a vote from the Board of Police Commissioners.
Detroit police on Thursday gave an update on the three bodies that were found on Wednesday in the basement of a Detroit home.
Redford Union is the second Southeast Michigan school confirmed to have halted student picture sessions through Lifetouch.
The U.S. Department of Justice announced a new investigation into three Michigan school districts to determine if they have added "sexual orientation and gender ideology" content in any of their classes without giving parents the option to opt their kids out.
Democratic Reps. Robert Garcia and Rashida Tlaib are putting pressure on Ambassador Bridge owner Matthew Moroun after Moroun reportedly met with Commerce Secretary Howard Lutnick.
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.
Warner Bros. Discovery said that Paramount Skydance is considering enhancing its buyout offer for the entertainment company.
Robert Duvall was in such classics as "The Godfather," "To Kill a Mockingbird," "M*A*S*H," "The Great Santini" and "Tender Mercies."
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
For the first time, a major U.S. automaker is putting a team up against the European giants of Formula One. Can Cadillac be a contender?
The 31-year-old Puerto Rican artist Bad Bunny took the stage on Sunday dressed in all white, donning a jersey with his last name, Ocasio, and the number 64.
Democratic Reps. Robert Garcia and Rashida Tlaib are putting pressure on Ambassador Bridge owner Matthew Moroun after Moroun reportedly met with Commerce Secretary Howard Lutnick.
In April 2025, Eric Dane announced he had been diagnosed with amyotrophic lateral sclerosis, or ALS.
The U.S. Department of Justice announced a new investigation into three Michigan school districts to determine if they have added "sexual orientation and gender ideology" content in any of their classes without giving parents the option to opt their kids out.
This was the seventh gold medal match — and fifth in a row — between the two hockey powerhouses.
A CBS News analysis found 126 cases that were brought by federal prosecutors last year arising out of threats to public officials.
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.
Team USA won the gold medal in dramatic fashion on Thursday, and it was Megan Keller who became the women's hockey hero at the 2026 Olympics.
This was the seventh gold medal match — and fifth in a row — between the two hockey powerhouses.
The Detroit Tigers have unveiled alternate uniform styles ahead of the 2026 Major League Baseball season.
The U.S. and Canada men's hockey teams are moving on to the semifinals at the Winter Olympics.
The Michigan native will stay on the team until a successor is hired, the team says.
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.
Penske and Reuss address a wide range of critical issues for Detroit, Michigan and the nation.
TGIF Family! We've made it through a wacky week of weather, (but not done yet)!! Looking at a chance of rain before 4pm, then a chance of rain and snow by the afternoon. Mostly cloudy, with a temperature rising to near 47 by 10am, then falling to around 38 during the remainder of the day. A WIND ADVISORY REMAINS IN EFFECT FROM 10 AM THIS MORNING TO 9 PM THIS EVENING...with a breezy day expected, with a southeast wind 11 to 18 mph becoming west southwest in the afternoon. Winds could gust as high as 45 mph. Seasonably cooler this weekend with potential for around an inch of snow by Sunday night. Have a great day!!
Detroit police on Thursday gave an update on the three bodies that were found on Wednesday in the basement of a Detroit home.
A Detroit police sergeant and officer were suspended without pay for 30 days on Thursday following a vote from the Board of Police Commissioners.
President Trump has given a timeline for Iran to reach a deal to end its nuclear program. It also gives U.S. forces more time to get to the middle east.
On Wednesday, the U.S. Department of Justice announced a new investigation into three Michigan school districts to determine if they have added "sexual orientation and gender ideology" content in any of their classes without giving parents the option to opt their kids out.