CPI surged in April as inflation soars to highest level in almost 3 years
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
Watch CBS News
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.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
School districts across Minnesota, from urban to rural communities, are asking taxpayers to approve new funding to shore up support.
Did you know that Minnesota is getting older, we are earning less money on average, we are dramatically more diverse, and we are having dramatically fewer babies. In this edition of Talking Points, Esme Murphy spoke with the state demographer.
Private investment firms that are helping finance America's artificial intelligence race and the huge buildout of energy-hungry data centers are getting interested in the local utilities that deliver electricity to regular customers — and the servers that power AI.
For those who like to crank the thermostat up during the winter, a new report showing data for the Midwest and other parts of the country says you should be prepared for a much higher price tag this season if you have electric heat.
A walk down a grocery aisle can be a bit unpredictable these days after years of rising prices.
Visitors to this year's Minnesota State Fair might get sticker shock when buying some of their favorite foods.
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 Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
For millions of people around the U.S., financial stability amounts to a "rare luxury," Bankrate survey finds.
In a recent CBS News poll, two out of three Americans told us they're stressed about their own finances. Three out of four said their incomes are not keeping up with inflation.
Last fall, more than 80% of voters said the economy and inflation drove them to the polls. That includes the rising price of gas and groceries.
Monday will be dry during the day in Minnesota, but another round of possibly severe storms could arrive come nightfall.
The legislation, which passed in the state Senate, was also supported by healthcare professionals. It would have banned semiautomatic rifles and high-capacity magazines.
While the St. Paul Saints faced off against Columbus on Sunday, Seigo Masubuchi was running a marathon on the concourse inside CHS Field.
The 2026 Minnesota legislative session is over and finished on time — just barely.
Rookie Gabriela Jaquez set career highs with 20 points and eight rebounds, Kamilla Cardoso had 11 points and 12 rebounds, and the Chicago Sky beat the Minnesota Lynx 86-79.
While the St. Paul Saints faced off against Columbus on Sunday, Seigo Masubuchi was running a marathon on the concourse inside CHS Field.
Rookie Gabriela Jaquez set career highs with 20 points and eight rebounds, Kamilla Cardoso had 11 points and 12 rebounds, and the Chicago Sky beat the Minnesota Lynx 86-79.
A 72-year-old Minnesota man allegedly told police he tried to kill his wife so she would not have to "deal with" living off significantly reduced Social Security benefits.
Charges say two women had been arguing over $50 when one of them fatally shot the other at a Minneapolis apartment earlier this month.
Shelisa Demuth says she still believes in her heart that her mom, Lisa Demuth, should call for the vote, but she understands why it won't happen.
The Kandiyohi County Sheriff's Office says the crash occurred on County Road 18, 3.5 miles north of Lake Lillian, around 7:17 p.m. Saturday.
David Storbakken's story is one of the many Minnesota Missing and Murdered Indigenous Relatives cases.
Minnesota Gov. Tim Walz on Sunday declared a peacetime emergency and mobilized the National Guard to help battle several major wildfires in the state.
Wildfires are spreading quickly in northern Minnesota and burning hundreds of acres of land among extreme fire risk conditions on Saturday.
Authorities in northern Minnesota are asking for tips from the public after a fire suppression aircraft was struck by a bullet on Friday.
A driver went airborne during a high-speed police chase in Fond du Lac, Wisconsin, after fleeing a traffic stop.
Fifty beagles rescued from animal testing in Wisconsin are set to arrive in Minnesota Thursday.
A 100-mile stretch of Mississippi River towns is hosting its annual 100 Mile Garage Sale this weekend, drawing shoppers and sellers from across the region and beyond.
Minnesota animal rescues are stepping up to take in dogs from a Wisconsin research facility accused of animal abuse.
You may have heard of Give to the Max Day, where people donate millions of dollars to hundreds of nonprofits and organizations across Minnesota on a single day. That idea has spread to western Wisconsin, called Give Big Valleys.
Quincy Street isn't just at the center of Art-A-Whirl, it's at the heart of the Arts District in northeast Minneapolis. The road itself, however, is falling apart. And the only thing bumpier than the exposed brick is the reaction to the city's plans to fix it.
Somali and Muslim leaders in Minnesota played a threatening voicemail at a public gathering Friday, saying businesses in their community are being targeted with messages warning of death.
The Black homeownership rate in the Twin Cities dropped to 29% in 2024, and the region had the largest gap between Black and White homeownership rates of any comparable metro in the country.
Bobby Rogers once came to the Minneapolis Institute of Art to sketch and study; now he leads its design and editorial work, shaping what visitors see and experience.
Moses Cooper, who has cerebral palsy, met running partner Mark Hulsey through My Team Triumph Minnesota two years ago and the pair qualified for the Boston Marathon at Grandma's Marathon last summer.
The 2026 Minnesota legislative session is over and finished on time — just barely
The legislation, which passed in the state Senate, was also supported by healthcare professionals. It would have banned semiautomatic rifles and high-capacity magazines.
The 2026 Minnesota legislative session is over and finished on time — just barely.
Lawmakers are scrambling to get the final bills passed before the clock strikes midnight, marking the end of the legislative session.
Hundreds of people, from families of Annunciation victims to Moms Demand Action, called on the House of Representatives to vote on a sweeping gun reform bill that already passed the Senate.
Part of the end-of-session deal in the Minnesota Legislature rolls back skyrocketing tab renewal fees. Those fees have electric vehicle owners especially revved up.
In Minnesota, you'll be able to try one at St. Paul's CHS Field.
With more Americans opting to drive rather than fly amid higher costs, South Dakota tourism officials say the state is well-positioned as a regional road trip destination.
President Trump's idea to save drivers a few dollars at the pump could cost them in the long run.
A 100-mile stretch of Mississippi River towns is hosting its annual 100 Mile Garage Sale this weekend, drawing shoppers and sellers from across the region and beyond.
A 72-year-old Minnesota man allegedly told police he tried to kill his wife so she would not have to "deal with" living off significantly reduced Social Security benefits.
Charges say two women had been arguing over $50 when one of them fatally shot the other at a Minneapolis apartment earlier this month.
Authorities in northern Minnesota are asking for tips from the public after a fire suppression aircraft was struck by a bullet on Friday.
Monday will mark five years since the tragic killing of 6-year-old Aniya Allen in Minneapolis
Police in Rochester, Minnesota, are investigating a shooting near Essex Park, according to a post on social media.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
It comes after insurers stopped paying for their kids' daily care, which they argue was covered as part of a 15-year-old state law. As the end of the Minnesota session nears, lawmakers have four days to make a change.
A Twin Cities teenager is facing an unimaginable battle: terminal cancer. She's fortunate enough to have family by her side through her fearless fight as they all hope for a miracle.
Dr. Gianrico Farrugia has led Mayo Clinic since 2019, and the organization said it was his decision to "complete his tenure at the end of this year."
Twin Cities emergency room physicians, nurses and technicians made an emotional plea Tuesday for lawmakers to do something about Minnesota's gun laws.
The Library of Congress revealed this year's list of 25 recordings to be preserved for future generations on the National Recording Registry.
Dave Ryan announced Wednesday that May 22 will be his last day at KDWB, ending a 33-year run at the Twin Cities station.
Jimmy Jam and Terry Lewis are calling their Aug. 29 show "Homecoming: A Celebration of the Minneapolis Sound."
A trial in the lawsuit between Blake Lively and Justin Baldoni was set to begin later in May.
The Minnesota Star Tribune was awarded the Pulitzer Prize for breaking news for its coverage of a mass shooting at a Minneapolis Catholic school that killed two children and injured more than a dozen others.
Rookie Gabriela Jaquez set career highs with 20 points and eight rebounds, Kamilla Cardoso had 11 points and 12 rebounds, and the Chicago Sky beat the Minnesota Lynx 86-79.
Sunday's win at Aronimink Golf Club in Newtown Square, Pennsylvania, is only his second PGA tour victory, after winning the 2024 Wyndham Championship.
Ryan Jeffers hit a tiebreaking homer and Kody Clemens had two doubles and two RBIs as the Minnesota Twins defeated the Milwaukee Brewers 5-4 to avoid a three-game sweep.
Luca Langoni scored the go-ahead goal early in the second half and the New England Revolution held on for a 2-1 victory over Minnesota United to close out a four-match homestand.
Jackson Chourio hit a go-ahead solo homer in the sixth inning and made a run-saving catch in the seventh, Logan Henderson struck out seven in five innings and the Milwaukee Brewers edged the Minnesota Twins 2-1.
Amy Klobuchar is putting her gubernatorial campaign into high gear. She faces no significant opposition in the race for the DFL endorsement and her existing record of statewide wins is formidable.
The legislation establishes a list of requirements aimed at improving transparency and reducing conflicts within HOAs. Minnesota estimates that 25% of its residents live in an HOA, and 82% of new homes are built within one.
The Minnesota Senate passed a bill with mandatory requirements for homeowners associations aimed at improving transparency and preventing disputes, after two years of legislative work driven by public complaints.
The Minnesota Senate passed a bill with mandatory requirements for homeowners associations aimed at improving transparency and preventing disputes, after two years of legislative work driven by public complaints. In Talking Points, Esme Murphy spoke with Dana Ohman, an attorney who handles HOA disputes, about some of the most common questions homeowners have.
Sen. Tina Smith is using her last months in office to vocally campaign for progressive and environmental causes. She hopes that a progressive will succeed her when Minnesotans go to the polls next November.
There's a place in Wabasha County, Minnesota, where people go wild for wildflowers.
For nearly 50 years, Farmamerica has been sowing agricultural knowledge near Waseca, Minnesota.
The carillon has 56 bells, and the Mayo Clinic said that makes it one of the largest instruments in the world and the largest instrument in Minnesota.
When you think of masterful, memorable works of art, grain elevators don't typically come to mind. But in towns across the country, including in Minnesota, they're becoming an unlikely canvas for creativity.
At Arnie Lillo's Creations in Blue Earth County, you can visit a metal-scaled version of the Eiffel Tower and the Golden Gate Bridge. The works of art have taken on a shape of their own.
President Trump's idea to save drivers a few dollars at the pump could cost them in the long run.
More people than the entire population of Minneapolis, or half a million, were estimated to go fishing in Minnesota this past weekend. WCCO looks at how the tradition stacks up with other outdoor events that keep the state's economy running.
A deadly virus that's killed cruise ship passengers can be traced to small critters found hiding in homes.
So far this decade, the Twin Cities metro has, on average, added about 17,000 housing units per year, according to data from the Metropolitan Council.
A symbolic change is bothering some Minnesotans. Now their local leaders are listening; several cities are voting to fly the old state flag instead of the new one. While it was a drastic redesign, it wasn't the first.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Minnesotans got a great view of the northern lights Tuesday night.
A look at the newest addition to the polar bear population at St. Paul, Minnesota's Como Zoo.
From food shelves to school programs, our team is proud to serve where it matters most.
The Minnesota State Fair has unveiled its new food, drinks and vendors for 2025.
Monday will be dry during the day in Minnesota, but another round of possibly severe storms could arrive come nightfall.
In Minnesota, weather can be all over the place. Here at WCCO, we want to give you what you need to prepare for what's happening next.
Monday will be dry during the day in Minnesota, but another round of possibly severe storms should arrive come nightfall.
A severe line of storms is pushing through southern Minnesota, with a tornado watch in place until 1 a.m.
WCCO meteorologist Lisa Meadows has the latest forecast.
Monday will be dry during the day in Minnesota, but another round of possibly severe storms should arrive come nightfall.
The 2026 Minnesota legislative session is over and finished on time — just barely
A severe line of storms is pushing through southern Minnesota, with a tornado watch in place until 1 a.m.
While the St. Paul Saints faced off against Columbus on Sunday, Seigo Masubuchi was running a marathon on the concourse inside CHS Field.
Lawmakers are scrambling to get the final bills passed before the clock strikes midnight, marking the end of the legislative session.