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.
The lawyer for the man identified him as a 28-year-old Venezuelan national, Wilber Rafael Garces Perez. Officials said he was shot at least once in the torso and was in serious but stable condition.
Canton Township, Washington County, declared a state of emergency on Sunday after another round of heavy rains and flooding.
Rafael Flores Jr. hit the go-ahead two-run home run in the eighth inning to help the Pittsburgh Pirates to a 4-3 win over the Kansas City Royals on Sunday and complete a series sweep.
The New England Patriots' defense smothered Aaron Rodgers on the way to a 20-3 victory over the Pittsburgh Steelers on Sunday.
Dr. Alfred Garwood's life is a miracle, and with that in mind, he has an obligation to do something worthwhile. That something is the Eradicate Hate Summit.
The lawyer for the man identified him as a 28-year-old Venezuelan national, Wilber Rafael Garces Perez. Officials said he was shot at least once in the torso and was in serious but stable condition.
A West Virginia woman is facing charges after investigators said she left her husband on the toilet for 19 hours, leading to his death.
A casting call is out for paid background actors when the medical drama "The Pitt" comes back to Pittsburgh to film its third season.
Canton Township, Washington County, declared a state of emergency on Sunday after another round of heavy rains and flooding.
Rafael Flores Jr. hit the go-ahead two-run home run in the eighth inning to help the Pittsburgh Pirates to a 4-3 win over the Kansas City Royals on Sunday and complete a series sweep.
In a Truth Social post, Mr. Trump called fears around artificial intelligence possibly becoming a superintelligence that could pose a threat to human existence a hoax.
The Department of Justice announced it reached agreements with UPMC to end pediatric gender-affirming care.
A federal appeals court ruled Friday that U.S. immigration officials must offer detainees "a meaningful opportunity to contest" any deportation to countries where they have no ties.
The Pentagon on Friday released a new group of files about unidentified anomalous phenomena, or UAP or UFOs, including a batch of documents regarding a mysterious military program studying aerospace threats.
The push for paid parental leave continues in Allegheny County, but with some major changes.
The program will provide relief for customers who pay their bills on time for two years.
The announcement was touted as a way that could change the way western Pennsylvania addresses energy.
With 100 days to go until Christmas and goods getting more expensive, here's what shoppers should know about holiday buying.
The wait for medical imaging keeps getting longer, leaving some people fraught with anxiety.
It seems like each week we get a new story or warning about a scam over the phone or on the internet. Here's how you can avoid them.
We are honored to have Jim Balouris, Executive VP & Market Manager for PNC and Charlese McKinney, Interim CEO & Chief Program Officer with Greater Pittsburgh Community Food Bank, here with us today!
It's a special performance! The debut of a song written by PTL's Maria DeBone and performed by PTL producer Teddy Stevenson! After all, we are neighbors every day!
As part of the 5th annual PTL KDKA Turkey Fund Kickoff Show, celebrating 45 years of the KDKA Turkey Fund, six amazing partners and friends donated some prizes for lucky members in the live audience!
Auctioneer Roger Croll from Croll's Mills Auction Services returns to PTL, and he helps us with bidding on a live painting from Kati Schoeb, lunch with Dr. Lori, a PTL experience, and Pittsburgh Steelers tickets with on-field access!
It's a special edition of our weekly game, "What's It Worth?" Dr. Lori joined us on stage to appraise three items belonging to Mikey, Ron, and Daisy!
A Hempfield family's home has become known as the "crash house" because drivers leave the highway and come crashing into it.
The wait for medical imaging keeps getting longer, leaving some people fraught with anxiety.
The Steel City Youth Football League announced disciplinary action following video that captured an on-field brawl.
Misdemeanor and summary charges have been filed against the coaches involved in a youth football brawl in Pittsburgh.
Police departments all around the country say surveillance technologies like cameras, drones, and license plate readers have proved invaluable in tracking and arresting violent criminals.
With costs rising just about everywhere and in everything, Highmark Wholecare's free farmers' markets are providing relief.
The goal was to simulate an emergency situation that would push the limits of the hospital and health care network.
The push for paid parental leave continues in Allegheny County, but with some major changes.
An 18-year-old from Mifflin County has died from measles-related complications, Pennsylvania health officials said.
The wait for medical imaging keeps getting longer, leaving some people fraught with anxiety.
Rafael Flores Jr. hit the go-ahead two-run home run in the eighth inning to help the Pittsburgh Pirates to a 4-3 win over the Kansas City Royals on Sunday and complete a series sweep.
The New England Patriots' defense smothered Aaron Rodgers on the way to a 20-3 victory over the Pittsburgh Steelers on Sunday.
Brandon Lowe hit a go-ahead two-run homer in the eighth to lift the Pittsburgh Pirates to a 6-5 victory over the Kansas City Royals on Saturday night.
Michael Hawkins accounted for 313 yards of total offense and five touchdowns and West Virginia beat No. 25 Virginia 38-27 on Saturday night in the Duke's Mayo Classic at the Carolina Panthers' Bank of America Stadium.
Betting platforms FanDuel and DraftKings say tools are there to help addicted gamblers slow down.
The top minds in AI and business are in Pittsburgh this week to discuss how cities can implement the technology.
Many small businesses are still feeling the impact of last week's severe weather.
Pittsburgh leaders and their partners are making a concerted effort to revitalize a North Side business district.
A federally funded Ohio manufacturing program faces potential shutdown after a new audit by the U.S. Department of Commerce's Office of Inspector General.
Gas station giant Buc-ee's has sparked a backlash in Ohio over one of its frequent trademark infringement lawsuits.
A casting call is out for paid background actors when the medical drama "The Pitt" comes back to Pittsburgh to film its third season.
Buffalo Bill's home will open this weekend for guided tours as the iconic horror movie turns 35.
The show has been canceled because of the muddy field conditions at 1846 Farms.
"The Pitt" won the Emmy award for outstanding drama series for a second year in a row.
Kenny Chesney will be joined on the tour by Eric Church, Sheryl Crow and Reylan James.
The rain will persist on Sunday night, continuing the flooding risk in the region. KDKA First Alert Meteorologist Trey Fulbright has the forecast.
For the second straight weekend, townships throughout Washington County were dealing with flooding after more heavy rains. KDKA's Ricky Sayer has the latest.
Dr. Alfred Garwood's life is a miracle, and with that in mind, he has an obligation to do something worthwhile. That something is the Eradicate Hate Summit. Megan Shinn shares his work in the KD Sunday Spotlight.
A flash flooding risk is in place, with the highest chance occurring to the south of Pittsburgh. KDKA First Alert Meteorologist Ron Smiley has the forecast.
Stay on top of local weather with meteorologist Trey Fulbright’s forecast!
Saturday's game was delayed for more than one hour because of severe storms in the area.
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.
