Inflation rose in July, marking the first increase in a year
Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
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Though far from its recent peak of 9.1% in June 2022, the figure remains higher than the Federal Reserve's goal of 2%.
As we approach the 2024 elections, one of the issues on the front burner is inflation and the cost of living. Congresswoman Ilhan Omar joined us Sunday morning to talk about a push to raise the minimum wage.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
CBS News Business Analyst Jill Schlesinger discusses recent economic signs.
Cooling price growth in food, rent and energy mean that workers' pay is finally beating inflation.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
Minnesota officials discovered an error in a tax cut bill lawmakers passed this spring that could cost taxpayers $352 million over the next two years, but state leaders promised to fix it before it would take effect.
If you're hosting the Fourth of July barbecue at your house, you're probably still seeing higher prices for some items. Others are actually lower this year compared to last.
The American Farm Bureau Federation says families can expect to pay $67.73, down 3% from last year's record high. The cookout includes 12 staple items, including hamburger buns, beef, chicken breast, lemonade, and chocolate chip cookies.
In some areas inflation has fallen below 2%, while in other regions prices are still spiraling upward. Why?
The Federal Reserve stabilized interest rates yesterday, which could bring in more buyers. But that doesn't mean the process will be easier or cheaper any time soon. WCCO's Allen Henry explains.
Sweden sees 0.2% "Beyoncé blip" in inflation as fans flock to Stockholm for singer's World Renaissance Tour.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
CBS News Business Analyst Jill Schlesinger breaks down the latest numbers.
"People have been using the wrong R-word to describe the economy," one economist said. "It's resilience — not recession."
Hiring surged in May, indicating the job market remains resilient despite high-interest rates and still-elevated inflation.
A new federal reserve survey shows 35% of those polled believe they're worse off than a year ago. But there are some areas where prices are improving.
A new Federal Reserve survey on economic confidence shows a record number of people say they’re not doing “at least OK financially.” University of Minnesota Professor Paul Vaaler reality check things when it comes to inflation -- and how we're doing.
Target has reported another quarterly profit decline and issued a cautious sales and profit outlook for the current period.
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Italian officials are investigating why macaroni prices have risen by more than twice the rate of the country's overall inflation.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Stocks rose to their highest level in almost two months in another sign that inflation is cooling.
Stocks closed lower following latest update on inflation and warning of possible recession.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
