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.
WVU is playing in its first-ever College World Series game this afternoon in Omaha, Nebraska.
The "South Side Street Fest" is coming to Pittsburgh this summer. Here's what to know about the new event.
Dodgers two-way star Shohei Ohtani hit his 13th homer of the season before leaving the game due to left knee inflammation and Los Angeles beat the Pittsburgh Pirates 8-6.
A Pittsburgh-area woman has taken on a massive task of fostering dozens of pigs rescued from unsafe conditions.
On a hot day, it feels good to cool off in a river, stream or lake. But there may be some days to avoid the water.
WVU is playing in its first-ever College World Series game this afternoon in Omaha, Nebraska.
The "South Side Street Fest" is coming to Pittsburgh this summer. Here's what to know about the new event.
Dodgers two-way star Shohei Ohtani hit his 13th homer of the season before leaving the game due to left knee inflammation and Los Angeles beat the Pittsburgh Pirates 8-6.
A Pittsburgh-area woman has taken on a massive task of fostering dozens of pigs rescued from unsafe conditions.
On a hot day, it feels good to cool off in a river, stream or lake. But there may be some days to avoid the water.
Commerce Secretary Howard Lutnic talked about U.S. Steel and "golden share."
A Pennsylvania state lawmaker is proposing giving taxpayers $250 to celebrate America's birthday.
Two men wounded in a shooting during then-presidential candidate Donald Trump's 2024 rally at the Butler Farm Show grounds are suing the United States.
A fractured majority of Republican justices sided with a sweeping challenge brought by local and county officials against Oak Run Solar.
The move by Republican Gov. Mike DeWine comes as tax breaks for energy-hungry AI data centers are increasingly playing a role in state budgets.
A Pennsylvania state lawmaker is proposing giving taxpayers $250 to celebrate America's birthday.
Buc-ee's plans to open another store in Ohio, bringing its gas station, convenience store and smiling buck-toothed beaver mascot closer to the Pennsylvania stateline.
A James Beard Award-nominated bar is coming back to Pittsburgh.
What if what's sitting in your jewelry drawer is worth more than you think?
The price of electricity in Pennsylvania is going up next month.
A melodic and iconic headliner at the Three Rivers Arts Festival, mini-golf at a museum, and so much more! Pittsburgh Magazine's Sean Collier is back to give us his best of the weekend!
Some bands have hits, other bands have fans, but few have become the heartbeat of a city the way The Clarks have in Pittsburgh. For 40 years, they've been doing it all, and Daisy Jade sat down with Scott Blasey and Greg Joseph to look back and ahead.
Entrepreneur and content creator Cami Nwokedi brings us a new tech tip for surviving your inbox!
Pittsburgh loves a good festival, and apparent so does Dr. Robby on The Pitt! In the show, he's spotted wearing a "Beers of the 'Burgh" hoodie, and here to tell us more are the founders of the festival!
Vigilance Theater Group brings us "Closing Time at the Moonside Cafe" which is a blend of theater, music, and a little bit of mystery. Daisy Jade grabs us a seat at the bar to find out what secrets we can uncover.
Many families with children attending schools in the Catholic Diocese of Pittsburgh said they are trying to figure out the logic behind their upcoming tuition bills.
Pittsburgh's fire boat has been on the water for nearly a decade, but it hasn't seen much action.
A lawsuit has been filed over the smell neighbors say is coming from the Sherwin-Williams plant in Rochester.
Naida Reed contacted KDKA Investigates after she said Pittsburgh Water failed to follow through on what crews allegedly promised.
What if what's sitting in your jewelry drawer is worth more than you think?
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.
Pittsburgh, with its natural beauty and parks, can be a great place for people to put the phones down and enjoy life.
Doctors say it looks like it will be a bad season for tick-borne diseases.
Temperatures could reach into the 90s this week in Pittsburgh, and that impacts everything, including your sleep.
WVU is playing in its first-ever College World Series game this afternoon in Omaha, Nebraska.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Dodgers two-way star Shohei Ohtani hit his 13th homer of the season before leaving the game due to left knee inflammation and Los Angeles beat the Pittsburgh Pirates 8-6.
Tyler Callihan hit the first two home runs of his career as the Pirates rallied past the Dodgers 9-8 on Wednesday night.
Los Angeles Dodgers star Shohei Ohtani was robbed of a home run after an incredible catch by Pirates outfielder Bryan Reynolds.
Pittsburgh City Council has approved new legislation that would put new restrictions on vape shops.
Buc-ee's plans to open another store in Ohio, bringing its gas station, convenience store and smiling buck-toothed beaver mascot closer to the Pennsylvania stateline.
A James Beard Award-nominated bar is coming back to Pittsburgh.
A fractured majority of Republican justices sided with a sweeping challenge brought by local and county officials against Oak Run Solar.
The move by Republican Gov. Mike DeWine comes as tax breaks for energy-hungry AI data centers are increasingly playing a role in state budgets.
The Clarks are a band that Pittsburghers hear and think of home.
The Pittsburgh Symphony Orchestra has extended the contract of music director Manfred Honeck through the 2032-2033 season.
The country group Little Big Town will perform at Citizens Live at the Wylie in October.
The second of two shows at Acrisure Stadium, originally scheduled for Saturday night, has been canceled, according to Wallen.
Ahead of a packed weekend here in Pittsburgh, many are taking to the three rivers ahead of a big country show.
The plan involves closing East Carson Street late on Friday and Saturday nights this summer to help deploy the South Side Street Fest.
Strong storms swept through the Pittsburgh area on Thursday afternoon, leaving behind a trail of damage and knocking out power to thousands of homes.
KDKA-TV's Rich Walsh and 93.7 The Fan's Paul Alexander discuss the sports topics of the day.
Stay on top of the weather in the Pittsburgh area with First Alert Meteorologist Ray Petelin's forecast.
Speaking to reporters in the Oval Office, President Trump claimed an agreement on Iran has been reached, and a deal will be signed, likely in Europe, as soon as this weekend. Iran has not confirmed any such agreement. "We just made a great settlement of the war with Iran," Mr. Trump said.
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.
