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 district informed the families this week that students will not be in the new elementary school until January 2027.
Pennsylvania Secretary of Transportation Mike Carroll said the Parkway East could reopen by early next week.
The victim was told they had to deposit $2,000 into an ATM due to an alleged missed jury duty date.
The elevator dates back to the 1930s and takes players from the 17th green to the 18th tee.
Following a day of storms in the region, the pleasant conditions and sunshine return to western Pennsylvania on Wednesday.
Pennsylvania Secretary of Transportation Mike Carroll touted the project as a "stunning achievement."
The district informed the families this week that students will not be in the new elementary school until January 2027.
The victim was told they had to deposit $2,000 into an ATM due to an alleged missed jury duty date.
The elevator dates back to the 1930s and takes players from the 17th green to the 18th tee.
Following a day of storms in the region, the pleasant conditions and sunshine return to western Pennsylvania on Wednesday.
Pittsburgh Fire Chief Darryl Jones, who has been on paid administrative leave, will retire after a review of his bureau.
Lawmakers are one step closer to making daylight saving time permanent after the House passed a bill with overwhelming support.
The measure also allows states to opt out if they take action before the federal law is enacted.
Sen. Mitch McConnell released a statement on his health on Sunday along with a photo of himself and his wife, Elaine Chao, after questions swirled about his condition.
President Trump paid tribute to the late senator Lindsey Graham, a Republican from South Carolina, who had just returned from a trip to Ukraine.
A Westmoreland County family said having a secret room is not as cool as it sounds, after finding a large void under their garage built by Ryan Homes
Last year, Americans received nearly 30 billion scam robocalls and text messages.
The Pennsylvania Turnpike Commission approved a 3.5% toll increase that goes into effect on January 3, 2027.
After about three dozen Allegheny County home deeds were fraudulently put into an LLC's name, experts are sharing tips for protecting yourself.
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.
Daisy Jade is live outside the studio with Six Gun Sally, one of Pennsylvania's premier southern rock bands. The group is about to start on the next leg of their summer tour with Lynyrd Skynyrd.
Ron Smiley rates the latest movies he has seen and gives it a "Smiley" rating.
On Aug. 4, you can support Pittsburgh Foundation's #OneDay Critical Needs Alert.
In today's Cooking Corner, Chef Crystal shows David and Ron how to make ravioli mac and cheese.
Heather and David guess the values of items found in a cedar chest.
Developers want to fill the former Vincentian Marion Manor facility in Banksville with new townhomes.
A Westmoreland County family said having a secret room is not as cool as it sounds, after finding a large void under their garage built by Ryan Homes
Allegheny County is facing a major financial crisis.
It costs a lot of money to keep houses of worship safe.
Over the past several years, neighbors in one Pittsburgh-area community say they've found dozens of dead birds at the base of a single telephone pole.
Western Pennsylvania remains one of the most heavily impacted regions across the country for tick-borne illnesses.
Taylor Farms said none of its branded salads or kits contain the iceberg lettuce associated with the outbreak.
Pennsylvania is under a statewide Code Purple air quality alert on Friday because of smoke from the wildfires in Canada and Minnesota. But what does that mean?
A lettuce supplier to fast-food giant Taco Bell has been linked to a nationwide cyclosporiasis outbreak that has sickened thousands of people, the CDC said.
Wildfire smoke is causing hazardous air quality in the Pittsburgh area, prompting a warning from health officials.
The elevator dates back to the 1930s and takes players from the 17th green to the 18th tee.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
Saint Vincent College says it's ready for Steelers training camp.
Mark Kulbis is also facing misdemeanor counts of involuntary manslaughter and reckless endangerment in the death of Calvin "CJ" Dickey Jr.
A beautiful waterfall sits behind the green, offering a beautiful view at the end of a difficult round of golf.
The former glass plant in Charleroi has been listed for sale.
The Colorado-based Voyager Technologies has officially acquired Astrobotic, the aerospace company located on Pittsburgh's North Side.
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.
The ruling comes after a coalition of 12 states sued to block the deal, arguing it would harm consumers and the entertainment industry.
New Zealand actor Sam Neill, known for "Jurassic Park" and "The Piano," died Monday at 78, his family says.
The new movie "Young Washington" opened over the Fourth of July weekend, earning more than $20 million at the box office and becoming the nation's top live-action film.
The nominations for the 78th annual Primetime Emmy Awards were announced Wednesday morning in Los Angeles, with the final season of HBO Max's "Hacks" setting a new record for the most nominations in a single year for a comedy series.
It's shaping up to be a busy holiday weekend across western Pennsylvania, which includes the Westmoreland Arts and Heritage Festival.
Daisy Jade is live outside the studio with Six Gun Sally, one of Pennsylvania's premier southern rock bands. The group is about to start on the next leg of their summer tour with Lynyrd Skynyrd.
Stay on top of local weather with meteorologist Mary Ours’s forecast!
Families of students aged K-5 were informed this week by the Brentwood Borough School District that the new elementary school will not be open until January 2027. KDKA's Jessica Riley spoke with the superintendent about the delay.
With the new Commercial Street Bridge slid into place, the final parts of the Parkway East construction project are now underway. KDKA's Chris Hoffman has the latest details.
Get the latest weather updates with meteorologist Ron Smiley’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.
