Food prices are surging. Here's where that money goes.
A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
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A dollar spent on food is split up among a dozen industries, many of which are seeing their own prices rise.
Neel Kashkari says he has faith in the banking system, but he's monitoring the impact of recent bank failures on future lending and inflation.
The president of the Minneapolis Federal Reserve Bank says he has faith in the banking system, but he's monitoring the impact of recent bank failures on future lending and inflation.
More than a third of consumers are struggling to stay afloat, but the problems are worse in some states.
The Federal Reserve may face a quandary as it copes with still-high inflation combined with instability in the banking sector.
The chairman of the Federal Reserve told lawmakers that the Central Bank will need to raise interest rates higher than previously expected in order to tame inflation.
Majority of NABE survey respondents who envision a recession in 2023 don't see it happening until after March.
Growth was slower and inflation higher at the end of 2022 than the government initially estimated.
New data from the Bureau of Labor and Statistics shows while U.S. inflation grew at a 6.4% percent annual rate in January, down 0.1% from December. CBS News contributor and Axios managing editor of business and markets Javier David joined CBS News' Seth Doane and Anne-Marie Green to discuss this latest economic indicator.
Inflation rose at a 6.4% annual rate last month, driven by rising prices for housing and gasoline.
Blistering job growth last month and weaker growth by large tech players are dragging markets lower.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
With egg costs more than doubling in the past year, calls are coming for an investigation into possible price gouging.
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Recent trips to the grocery store to pick up eggs may have given you sticker shock. The bird flu impacted production last year, and high demand led to prices peaking in late December.
Although U.S. inflation has cooled from its peak this summer, some food costs remain unusually high.
In an interview with WCCO, the governor detailed some of his priorities as lawmakers begin their work of passing a two-year budget and policies that impact schools, family budgets, public safety and more.
Major indexes close out tough year buffeted by stubbornly hot inflation, war in Ukraine and a lingering pandemic.
Major stock indexes rose into the green for the week, as investors remain focused on hot inflation and a potential recession.
Seniors and other recipients are getting the biggest bump since 1981. But tax and Medicare issues may complicate things.
The statewide average is now $2.99 for the first time in months.
Rates are at their highest level in 15 years as policymakers try to tamp down inflation without torpedoing the economy.
Punishing inflation is forcing many people to economize this holiday season, while some are skipping gifts altogether.
The government just released the November report on inflation. CBS News Business Analyst Jill Schlesinger joins us to break it down.
Price increases are slowing but have a long way to go before hitting the Federal Reserve's 2% target.
