Pa. Sen. Bob Casey releases report on rising food costs
A new report released by Pennsylvania Senator Bob Casey looks into why food prices are going up, and in some cases even higher than the cost of inflation
Watch CBS News
A new report released by Pennsylvania Senator Bob Casey looks into why food prices are going up, and in some cases even higher than the cost of inflation
In a boon for consumers, falling commodity prices are likely to bring down the cost of sugar, coffee, corn and soybeans.
About two in three Americans say their household expenses have risen over the last year, but only about one in four say their income has increased in the same period.
The 2024 inflation adjustment won't be as large as last year's hike. That means some older Americans could lose ground.
Rising gas prices are straining budgets for volunteers who drive for the charities they serve, while agency directors worry about future price hikes affecting supplies for clients.
Although inflation has slowed sharply, Fed officials are again tapping the brakes to ensure the economy slows.
The Consumer Price Index rose at an annual rate of 3%, the Labor Department said on Wednesday.
Fuel prices were about a dollar higher at this time in 2022.
The bill passed 103-100 with most Democrats voting for it and two Republicans joining them.
Both measures, which were backed by every Democrat and a handful of Republicans, would annually adjust the fees with inflation. The legislation now goes on to the Republican-controlled Senate.
The Federal Reserve is hitting the pause button on interest rates, thanks in part, to the latest inflation numbers from May. Jessica Kartalija reports. READ MORE: https://cbsloc.al/3qGC22S
The last few years inflation has forced many backyard chefs to cut back or spend more on their holiday menus.
Dan Snyder reports.
President Joe Biden and his administration have been searching for ways he might act unilaterally to avoid an economic "calamity" if Congress can't reach agreement to allow more federal borrowing.
President Biden is hoping to stack the Central Bank with its top governors as it continues working to stem inflation.
Coffee chain says the charge is necessary because the cold juice drinks are more expensive to make when not diluted.
Prices rose at the slowest rate in two years amid the Federal Reserve's ongoing series of interest rate hikes.
Grocery costs are rising at a slower pace, with some food items actually dipping.
As the spring homebuying season approaches, affordability is at its lowest point in history, one economist said.
The emergency funds added to the Supplemental Nutrition Assistance Program are coming to an end Wednesday.
Wakisha Bailey reports.
CBS News correspondent Michael George reports from New York.
Inflation, reduced consumer spending and mounting competition has dented the retailer's growth.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
For instance, a $25 bottle of wine will now cost you $26.
