Inflation cooled in June to slowest pace in more than 2 years
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
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The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
As reporter Danya Bacchus tells us, many items are higher again this year, but some staples are actually down.
Many items are even more expensive this year, while some staples are actually cheaper, CBS New York's Danya Bacchus reports.
Even so, the latest "report contains plenty of pain, especially for lower-income Americans," said one economist.
Inflation has been slowing down in recent months, did that trend continue in May? We ask CBS News Business Analyst Jill Schlesinger to find out.
A recent study found one in four Americans cut back on or completely stopped putting money away for retirement because of inflation concerns. Chris Fucci, managing director of Three Generations Financial, says that could seriously derail your financial future.
Coffee chain says the charge is necessary because the cold juice drinks are more expensive to make when not diluted.
The U.S. goverment just released the latest report on inflation, and CBS News Business Analyst Jill Schlesinger is here to break it all down.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Central bank officials will announce on Wednesday if they are hiking the federal funds rate for a 10th consecutive time.
Majority of respondents remain pessimistic about the economy as a whole, according to Primerica survey.
Stubbornly high prices are continuing to ease, but remain far above Fed's target.
CBS Business Analyst Jill Schlesinger breaks down the latest inflation numbers.
The Fed wants the labor market to cool off so inflation comes down, so what does this suggest about the overall trend for jobs? CBS News Business Analyst Jill Schlesinger breaks things down.
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.
CBS News business analyst Jill Schlesinger has the latest on inflation and what consumers need to know.
Extra SNAP benefits are estimated to have kept 4.2 million people out of poverty.
CBS News Business Analyst Jill Schlesinger is here to talk about the government's latest report on overall economic growth.
Lower-income Americans and seniors are among those hit hardest by stubbornly high grocery prices.
As consumers continue to feel the squeeze, the government just released the latest inflation report. CBS News Business Analyst Jill Schlesinger joins us to break it all down.
U.S. economy grew at 2.9% rate in last three months of year despite pressure of high rates and fears of recession.
If Congress doesn't act, financial experts warn interest rates could go up on loans and mortgages, and the stock market could be in for another bumpy ride.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Consumer prices are down nationally, but experts said higher prices in our area are not surprising.
Residents of a Newark apartment complex got a startling wakeup call Sunday morning when police in tactical gear, responding to reports of multiple people shot, stormed their building.
An investigation is underway in the Bronx after a child fell out of a five-story window and onto the sidewalk on Sunday afternoon.
Monday will be a First Alert Weather Day due to the possibility of afternoon and evening thunderstorms and high heat indices near 100 degrees.
The New York Mets routed the Pittsburgh Pirates 11-1 on Sunday afternoon.
Michael Harris II opened the 10th inning with an RBI single, and the Braves beat the Yankees 2-1 on Sunday to prevent a three-game sweep.
An investigation is underway in the Bronx after a child fell out of a five-story window and onto the sidewalk on Sunday afternoon.
Monday will be a First Alert Weather Day due to the possibility of afternoon and evening thunderstorms and high heat indices near 100 degrees.
A retired New York City police chief died Friday after drowning in a backyard pool on Long Island, police say.
The National Dominican Day Parade returned to New York City on Sunday.
Thomas Ryan, the man suspected in a murder in Orange County, New York was taken into custody after a massive search that lasted several days.
Monday will be a First Alert Weather Day due to the possibility of afternoon and evening thunderstorms and high heat indices near 100 degrees.
The New York area will get some brief relief Sunday from the humid weather.
Friday evening brought yet another round of prolific thunderstorms to the Tri-State Area.
A 16-year-old boy was killed after he was hit Wednesday night by a Metro-North train going from Danbury to South Norwalk, police said.
Most of the Tri-State Area is under a heat advisory Thursday and Friday, with downpours bringing the risk of flash flooding.
Residents of a Newark apartment complex got a startling wakeup call Sunday morning when police in tactical gear, responding to reports of multiple people shot, stormed their building.
Monday will be a First Alert Weather Day due to the possibility of afternoon and evening thunderstorms and high heat indices near 100 degrees.
The New York area will get some brief relief Sunday from the humid weather.
A camper and two lifeguards went to a Newark pool expecting a normal summer day. A child's life depended on all three.
Friday evening brought yet another round of prolific thunderstorms to the Tri-State Area.
Monday will be a First Alert Weather Day due to the possibility of afternoon and evening thunderstorms and high heat indices near 100 degrees.
The NYPD is mourning the death of a former chief.
A retired New York City police chief died Friday after drowning in a backyard pool on Long Island, police say.
New York State Police are urging people across the region to report any sightings of 32-year-old Thomas Ryan, who is wanted in connection with the death of his father. CBS News New York's Tony Aiello reports.
Dozens of teenagers on Long Island are spending the summer helping their senior neighbors, and they're getting paid for it. CBS News New York's Carolyn Gusoff reports.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
In a narrow 50-49 vote, President Trump's former defense lawyer was confirmed as attorney general in a vote early Saturday.
The measure was approved in a 90 to 6 vote and now goes to the House.
A group of New York City homeowners is suing to delay the implementation of the new pied-à-terre tax, saying Mayor Zohran Mamdani bungled the rollout.
The Pentagon on Friday released a new batch of documents and images related to UFOs, the fifth disclosure in recent months about the strange encounters.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
The New York Hotel and Gaming Trades Council claims The High Line Hotel tested positive for Legionella bacteria twice this summer.
Several lawsuits were announced Thursday against New York City and others connected to a deadly 2025 Legionnaires' outbreak in Harlem.
Gov. Kathy Hochul signed new legislation Wednesday to strengthen inspections on cooling towers in New York City.
The source of exposure for the Legionnaires cluster on Manhattan's Upper East Side has been eliminated, according to the New York City Health Department.
Actor and comedian Bowen Yang will portray Mary Todd Lincoln in Broadway's "Oh, Mary!" for a limited 12-week run starting in September.
Designer John Galliano is known for his theatrical and dramatic designs, but his legacy is also marked by antisemitic and racist comments.
"The Sopranos" actor Vincent Pastore is being remembered as a fixture in his Bronx community.
Vincent Pastore played Salvatore "Big Pussy" Bonpensiero on all six seasons of "The Sopranos," which aired from 1999 to 2007.
A new Broadway show based on Prince's movie and album "Purple Rain" will take the stage at Broadway's Majestic Theatre in March.
The New York Mets routed the Pittsburgh Pirates 11-1 on Sunday afternoon.
Michael Harris II opened the 10th inning with an RBI single, and the Braves beat the Yankees 2-1 on Sunday to prevent a three-game sweep.
The Pittsburgh Pirates beat the New York Mets 9-0 on Saturday night to end a four-game skid.
Mariano Rivera was back on the field at the Yankees' annual Old-Timers' Day on Saturday.
The New York Yankees beat the Atlanta Braves 5-4 Saturday.
Some residents of a Queens building say a temporary boiler truck parked outside has become a nearly two-year fixture, emitting smoke they say drifts into their homes.
Harlem Week 2026 brings past and present Harlemites together to honor the neighborhood's legacy.
Parents in Harlem say their children's walk to summer camp is littered with trash, illegal dumping and a growing encampment.
A specialized program from God's Love We Deliver is serving nearly 400 veterans with medically tailored meals, while helping combat isolation and ease the challenges of life after military service.
The Newtown Creek Alliance community science project gives students hands-on experience monitoring the health of one of the most polluted waterways in the U.S.
People dressed in elaborate headgear and paraded up Fifth Avenue for New York City's Easter Sunday tradition.
The Halloween tradition strolled through Manhattan's East Village on Sunday, with furry friends dressed in colorful costumes.
A suspect was taken into custody after an attack on Pearl Street Mall in Boulder on June 1 in which there were 15 people and a dog who were victims. The suspect threw Molotov cocktails that burned some of the victims, who were part of a march for Israeli hostages.
The annual Easter Parade and Easter Bonnet Festival was held in Manhattan on April 20, 2025.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
CBS News New York's Craig Allen is calling for daytime highs in the low 90s, with the potential for strong storms in parts of the Tri-State Area later in the day.
Officers responded to the scene on Bergen Street on Sunday after getting reports of multiple people shot. CBS News New York's Andrew Ramos reports.
Neighbors described hearing the 5-year-old boy strike the sidewalk on Sunday. CBS News New York's Naveen Dhaliwal has the story.
Police sources tell CBS News New York's Lisa Rozner the captain of the boat is in federal custody, after being arrested on 13 counts of reckless endangerment.
Because of the [potential for severe weather on Monday into Tuesday, a First Alert Weather Day has been issued. Craig Allen has your latest forecast.
