Inflation topped 4% in May as CPI surged to highest level in 3 years
The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
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The Consumer Price Index rose last month at a 4.2% annual rate amid a spike in U.S. energy prices.
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
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.
Although grocery prices have continued to climb in 2025, a Thanksgiving dinner will cost 2% to 3% less this year, one analysis found.
Visa predicts Americans will spend an average of $736 on holiday gifts in 2025, a 10% increase from the $669 reported last year.
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.
The U.S. economy picked up speed in the second half of the year, although job growth and inflation remain a concern, economists say.
Next week, the electric vehicle tax credit will end, and if you're looking to buy a new car, you might need to act quickly.
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
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.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
McDonald's is reviving its long-lamented Snack Wrap and leaning into affordable eats as it looks to reverse a rare sales slump.
For millions of people around the U.S., financial stability amounts to a "rare luxury," Bankrate survey finds.
Roughly a quarter of consumers use "buy now, pay later" loans for ordinary expenses like groceries. That's worrisome, a personal finance expert says.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Wholesale egg prices are falling, with stores saying they're now lowering prices and easing restrictions. But tariffs could be an issue.
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.
Americans express concern about their ability to pay bills and save money.
The White House levied new import duties on its three closest trading partners.
Matt Vogt set a new scoring record and won the Indiana State Amateur to earn a spot in the U.S. Amateur later this summer.
Pittsburgh's Fourth of July celebration, which was recently voted the best in the country by USA Today readers, will span Downtown and the North Shore.
Ryan Kingerski took his own life last year after his family said he suffered debilitating side effects from LASIK eye surgery.
No. 18 at South Hills Country Club is one of the tougher finishing golf holes in all of western Pennsylvania.
Thursday is expected to be the hottest day of the week with temperatures expected to reach 95 degrees.
Thursday is expected to be the hottest day of the week with temperatures expected to reach 95 degrees.
The Kroger Company announced the acquisition of Giant Eagle on Wednesday morning.
A Pennsylvania State Police trooper was hit and killed by a tractor-trailer on Interstate 81 in Schuylkill County on Wednesday morning, authorities said.
Ryan Kingerski took his own life last year after his family said he suffered debilitating side effects from LASIK eye surgery.
Matt Vogt set a new scoring record and won the Indiana State Amateur to earn a spot in the U.S. Amateur later this summer.
Rep. Eric Davanzo later said he "will never apologize for putting patriotism before politics."
Some lawmakers say the Pennsylvania State Senate is stalling on a bill to increase the state's minimum wage.
The Supreme Court on Tuesday struck down President Trump's executive order seeking to end birthright citizenship.
The Supreme Court upheld state laws from West Virginia and Idaho that restricted participation by transgender athletes in girls' and women's sports.
The Supreme Court on Monday ruled that states can count mail ballots that are cast by Election Day but arrive later, rejecting a GOP challenge to a Mississippi law.
Giant Eagle has remained the dominant grocer in southwestern Pennsylvania for more than 40 years, and one of those reasons was the exit of Kroger.
A major healthcare merger is now official.
Imagine finding out the home you own is no longer yours, even though you weren't behind on your mortgage or selling it.
Schewbel's is closing after 120 years, meaning Giant Eagle will have to find a new bakery to make its branded bread.
Schwebel's, which sells bread at grocery stores across western Pennsylvania, is closing after 120 years.
We've been keeping a close watch on Pittsburgh's Jeff Koontz while he pedaled from coast-to-coast. Now he joins us live, after completing 3,000 miles in just 12 days. Jeff rode in support of the KDKA Turkey Fund...and you can still donate now at kdkaturkeyfund.com.
Heather brings her TALK Pittsburgh segment "Home Sweet Heather" to PTL to show off her newest viral recipe recreation.
Boaz is taking our America 250 celebration to new heights as he shows us a new feature to the fireworks viewing experience.
As our countdown to America's 250th continues, we're taking a sneak peek at how Latrobe is preparing for their big 4th of July celebration.
AI Love Island? It's a thing and Heather Abraham and Ron Smiley talk about it!
Allegheny County is facing a major financial crisis that leaders are unsure how to address.
Rising Tide Partners began acquiring depressed properties five years ago with the promise of transforming struggling neighborhoods.
A Westmoreland County woman is demanding answers after she said a broken pipe flooded her apartment in Rostraver Township.
The school board in McKeesport has called a special meeting on Wednesday to decide the future of its football coaching staff.
Delta-8 is unregulated and untested, and more and more users are paying the price.
A major healthcare merger is now official.
Representatives from UPMC and Allegheny County Public Safety held a demonstration to encourage firework safety in Pittsburgh.
When you hear you're diagnosed with cancer, it can be overwhelming. It can leave questions, anger and a feeling of seclusion.
Allegheny County health officials said babies who have died from sudden unexpected infant death have more than doubled since 2000.
Lone star ticks have been found in Franklin and Erie counties in Pennsylvania.
Matt Vogt set a new scoring record and won the Indiana State Amateur to earn a spot in the U.S. Amateur later this summer.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
No. 18 at South Hills Country Club is one of the tougher finishing golf holes in all of western Pennsylvania.
Trea Turner hit a three-run home run during a five-run second inning, and the Philadelphia Phillies beat struggling Pittsburgh ace Paul Skenes and the Pirates 10-6.
Folarin Balogun got the scoring going with a goal in the 45th minute, but was sent off with a controversial red card in the 64th minute.
Giant Eagle has remained the dominant grocer in southwestern Pennsylvania for more than 40 years, and one of those reasons was the exit of Kroger.
A major healthcare merger is now official.
The Kroger Company announced the acquisition of Giant Eagle on Wednesday morning.
Schewbel's is closing after 120 years, meaning Giant Eagle will have to find a new bakery to make its branded bread.
A federal judge has extended his block on enforcement of an Ohio law that would require children under 16 to get parental consent to use social media apps while a legal challenge proceeds.
Pittsburgh's Fourth of July celebration, which was recently voted the best in the country by USA Today readers, will span Downtown and the North Shore.
Anthrocon 2026, dubbed "Critters, Cryptids and Curses," will return to the David L. Lawrence Convention Center.
Road closures will be in place ahead of the America250PA concert at Point State Park on Saturday, June 27.
Clive Davis helped shape the careers of music stars including Janis Joplin, Bruce Springsteen and Whitney Houston.
Pittsburgh's South Side Street Fest is officially underway, aiming to create a safer and welcoming South Side.
The Parkway East is going to be closed for 25 days for the replacement of the Commercial Street Bridge and PennDOT has provided a suggested detour routes.
More than 3 million passengers are expected to pass through TSA checkpoints nationwide on Thursday.
Thursday is expected to be the hottest day of the week with "feels-like" temperatures forecasted to climb over 100 degrees.
KDKA-TV's Cassidy Wood discusses the sports topics of the day.
Stay on top of the weather in the Pittsburgh area with First Alert Meteorologist Ray Petelin's forecast.
Mike Tomlin stepped down as head coach of the Pittsburgh Steelers after 19 seasons with the team.
Pitt's regular season has ended with an 8-4 record.
Pitt's five-game winning streak came to an end with a 37-15 loss to Notre Dame.
Mason Heintschel set a new Pitt freshman single-game passing record in the Pitt win at Acrisure Stadium.
The 44th annual KDKA-TV Turkey Fund will help our neighbors in need have a nice meal for Thanksgiving.
