CPI rose at 3.4% pace in August, raising odds of Fed rate hike this month
The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
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The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
The Personal Consumption Expenditures index was unchanged from June, highlighting stubborn inflationary pressures.
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.
Parents will be digging deeper into their wallets this back-to-school season.
No matter the factors, the numbers don't lie. According to Forbes, groceries have increased 55% since 2020 and that impacted how many voted in 2024.
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
New Fed Chairman Kevin Warsh is stepping in at a critical juncture for the U.S. economy, with inflation at its highest level in more than three years.
A surge in the Producer Price Index signals that businesses are paying more for goods and services, which could push up consumer costs.
The fragile U.S. ceasefire with Iran is on shaky ground after both nations traded another round of airstrikes.
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
We can't control the prices are the grocery store, but what we can control is how to stretch that hard earned dollar, especially when shopping for fruits and vegetables. So what's the best way to keep fruits and vegetables fresh?
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.
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.
Target will invest another $2 billion in its business this year to spruce up stores, remodel locations and invest in workers, the retailer said Tuesday as it outlined plans to try to reverse a persistent sales malaise and reclaim its footing in fashion and home categories.
During his address, the president blamed Biden for increased costs at your house. He says things are looking up, and prices are coming down. But new CBS News polling out shows two-thirds of Americans think the economy is in bad shape. As Ashley Grams reports, most say the holidays will be harder to afford.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Target's third-quarter profit tumbled as the retailer struggles to lure shoppers who are being pressed by stubbornly high inflation.
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.
