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Inflation came in hotter than expected in September with prices up 3.7% from a year ago, according to the Labor Department. Energy costs saw the biggest surge, raising concerns about the impact on holiday travel and shopping. Evyn Moon reports.
Gas prices, which jumped 9.1% in September from August, accounted for more than half the monthly rise in inflation.
Inflation accelerated across the U.S. in September, rising at an annual rate of 3.7% as energy costs jumped, according to new government data.
Gas prices have jumped 15 cents in the last week, and now diesel is soaring and is fueling inflation in other ways for consumers. CBS News New York's Dick Brennan reports.
New estimates call for a 3.6% to 3.8% benefit increase next year, although the final adjustment will depend on inflation readings released this summer.
As Memorial Day travelers hit the road, they're fueling up with sky-high gas prices. CBS News New York's John Dias reports.
Gas prices, airfares, accommodations and other vacation essentials are more expensive this year compared to last year.
Robert Sinclair, Senior Manager at AAA, talks with CBS News New York's Aziza Shuler about the impact of rising costs and how drivers can get some relief at the pump.
Congressman Mike Lawler invited Bessent to Westchester to tour Regeneron, a biotech firm. CBS News New York's Tony Aiello reports.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Investors are betting a divided Federal Reserve will deliver a quarter point rate cut for a third straight time. CBS News New York's Aziza Shuler reports.
The governor says the main mailing phase is now complete.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Wholesale prices for frozen turkeys are expected to be $1.32 per pound this year, a 40% increase from last year's average.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
The rush for gold continues as economic uncertainty deepens and anxious investors seek a safe haven for their money.
The governor said 8.2 million New Yorkers will receive checks to help ease the burden of rising costs.
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
The U.S. stock market on Tuesday rose toward records after data suggested inflation in July was a touch better than economists expected.
In July inflation rose 2.7% on an annual basis, slightly cooler than economists had forecasted. CBS News Business Analyst Jill Schlesinger breaks down the results and its impact on pricing.
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.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Roughly a quarter of consumers use "buy now, pay later" loans for ordinary expenses like groceries. That's worrisome, a personal finance expert says.
Gov. Kathy Hochul says they checks of up to $400 are expected to hit the mail this fall.
New York will soon be sending inflation refund checks to eligible residents, Gov. Kathy Hochul says.
