5 ways inflation could impact your paycheck next year
The hottest inflation in 40 years is likely to impact everything from your taxes to your retirement contributions.
Watch CBS News
The hottest inflation in 40 years is likely to impact everything from your taxes to your retirement contributions.
People are ready to get back out and spend their money following the pandemic.
CBS News' Carter Evans shares new details on the upcoming holiday shopping season and how consumers are spending their money amid record inflation.
For the first time in a decade, seniors will pay less next year on monthly premiums for Medicare's Part B plan.
But a stock market slump and rising borrowing costs could dim Americans' economic outlook, Wall Street analysts said.
Americans could pay as much as 17% more to heat their homes this winter, with electricity costs also expected to jump.
After the pandemic caused people to need food assistance, inflation is now the driving force.
New data indicates pet owners might be splurging less on their furry companions.
New data indicates pet owners might be splurging less on their furry companions due to inflation.
Inflation eased last month as energy prices tumbled, according to a report closely watched by the Federal Reserve.
Retailer's profits plunge after it slashes prices to clear unwanted inventories of clothing, home goods and other items.
President Biden is signing the Inflation Reduction Act, making it officially a law, on Tuesday.
The package, passed with no Republican votes, could be read largely as an effort to help West Virginia look to the future.
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
The Federal Reserve, as expected, announced it is raising interest rates by three-quarters of a percentage point to help tamp down inflation. CBS News' Tanya Rivero and Christina Ruffini get analysis of the economic and political impact from Ted Rossman, senior industry analyst at Bankrate.com; CBS News political correspondent Caitlin Huey-Burns; and Michelle Singletary, Washington Post personal finance columnist.
The rise in the federal funds rate, which is what banks charge each other for overnight loans, comes as several significant pieces of economic data are released this week.
Inflation was up again in June, with the latest numbers showing the highest annual rate since 1981.
Inflation was up again in June with the latest numbers showing the highest annual rate since 1981.
Inflation was up again in June with the latest numbers showing the highest annual rate since 1981.
The U.S. Postal Service cites inflation and rising operating costs as the reason for the price hike.
Inflation continues to disrupt the market.
Dining out may be a bit more expensive moving forward.
"Inflation is much too high," Fed Chair Jay Powell said of the U.S. central bank's largest rate hike since 1994.
Inflation is not an easy issue to solve, and the candidates usually have several ideas.
It will be the largest rate hike in more than two decades, so why is the Federal Reserve making this move?
PennDOT crews found that a large portion of the bridge over I-79 had deteriorated, taking it down to one lane.
A man is dead after a bus rolled on top of him inside a garage in Westmoreland County.
The Penguins made three signings and two trades on free agency day. Here's who is joining the team.
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.
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.
PennDOT crews found that a large portion of the bridge over I-79 had deteriorated, taking it down to one lane.
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.
The Penguins made three signings and two trades on free agency day. Here's who is joining the team.
Western Pennsylvania has historically been a hotbed for producing talent that succeeds in the NFL.
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.
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.
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.
Stay on top of local weather with meteorologist Trey Fulbright’s forecast!
Travelers on Mt. Nebo Road were surprised by a lane closure on a busy bridge, but according to PennDOT, a crack in the bridge's deck led to the closure. KDKA's Ross Guidotti has the details.
A mechanic working on a bus at a Westmoreland County garage was killed after he cut a brake line, causing the bus to crush him.
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.
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.
