Soaring U.S. diesel prices slam local communities as fuel costs surge
The surge in diesel prices this year is putting a financial squeeze on schools, farms and small businesses around the U.S.
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The surge in diesel prices this year is putting a financial squeeze on schools, farms and small businesses around the U.S.
Consumer confidence has hit a seven-month low, and South Florida families say rising prices are forcing impossible choices.
Backyard gardening isn't for everybody, but if you're successful the rewards go far beyond the potential money saved.
A family of four now spends about $1,000 a month on groceries, NerdWallet says.
The typical American's paycheck has grown faster since 2019 than in any stretch since the early 1980s. But prices climbed nearly as fast, swallowing about 80% of the wage increase.
Here's what employees can expect for a raise in 2027 as companies move away from broad-based pay increases.
Treasury Secretary Scott Bessent touched on the recent disclosure of President Trump's crypto earnings, the latest developments with the tax-deferred Trump Accounts, and the struggles facing the U.S. economy.
Ashley Walker says Wednesday night was the first night she had to sleep in her car, the latest low point in a months-long struggle with rising housing costs and job loss.
Experts said prices are rising faster than paychecks, and the average household is feeling the squeeze.
An effort is underway to precisely measure how Miami's scorching summer heat is affecting residents in some of the area's most vulnerable neighborhoods.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
Coupled with inflation and rising fuel costs, South Florida barbecue restaurants are struggling to manage expenses.
With inflation hitting its highest point since 2023, Kiana Powell told CBS News, "I cannot let a deal go to waste if it's something that I am using daily."
U.S. wage growth is lagging inflation for the first time since 2023, eroding consumers' purchasing power.
Gas prices have jumped 28% from last year, reaching the highest level since July 2022, as the Iran war continues to restrict global oil supplies.
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
While inflation has cooled in some areas, many families say prices are not dropping enough to make a real difference. As a result, they are finding new ways to stretch their dollars and stay afloat.
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.
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.
According to a Nova Southeastern University economics professor, necessities such as groceries could become more expensive as fuel costs used to ship goods continue to rise.
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
The inflation data captures the period before the Iran war broke out. Since then, oil prices have surged, driving inflation fears.
