Inflation eased more than expected in June, CPI report shows
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
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Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
President Trump praised Walmart and said the lower prices are the result of "my Administration's request to celebrate our great Country's 250th birthday."
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.
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
Economists had expected CPI to rise at an annual rate of 3% last month.
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
Adult customers admit to ordering from kids' menus to save money and eat smaller portions, a new survey shows.
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.
The average cost of one pound of ground beef reached a record-high of $5.80 in April, according to numbers from the Bureau of Labor Statistics.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
Americans express concern about their ability to pay bills and save money.
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
For the first time in the U.S., credit card debt has surpassed $1 trillion.
Egg costs are soaring as Americans' eating habits change and as a deadly disease wipes out millions of birds.
Prices reflected the smallest annual increase since October 2021 amid lower costs for gasoline and energy services.
Eastbound Interstate 80 remained blocked in the high Sierra near Truckee after a big rig crash early Tuesday morning.
A man died after a stabbing in Sacramento's Oak Park neighborhood early Tuesday morning.
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
While there are a few Californians sick with cyclosporiasis, there aren't any known local outbreaks right now, and none linked to the national outbreak, state health officials say.
Galleria Boulevard at Roseville Parkway is one of Roseville's busiest intersections. It has major shopping centers on each corner, including the Sacramento region's largest mall. The city has a plan to solve traffic jams by supersizing the roadways.
While there are a few Californians sick with cyclosporiasis, there aren't any known local outbreaks right now, and none linked to the national outbreak, state health officials say.
Eastbound Interstate 80 remained blocked in the high Sierra near Truckee after a big rig crash early Tuesday morning.
Drivers who stop or park in Sacramento bike lanes could now face a steeper fine as the city expands its use of artificial intelligence to enforce parking rules.
A man died after a stabbing in Sacramento's Oak Park neighborhood early Tuesday morning.
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
Drivers who stop or park in Sacramento bike lanes could now face a steeper fine as the city expands its use of artificial intelligence to enforce parking rules.
To open or close? That is the question in one popular Sacramento park. A debate is underway over blocking off roads that run through William Land Park.
Nine years after a man murdered the boyfriend of his estranged wife in Sacramento, a judge sentenced him to 16 years to life in prison, prosecutors announced on Friday.
Surveillance video from a neighbor captured the night the family's truck and boat were taken. The family said the suspects picked the lock, hot-wired the vehicle and took off.
A new city historian, Ty Smith, is working to connect Sacramento's past with the people shaping its future.
A woman was killed in a boating collision on a lake in Plumas County over the weekend, the Sheriff's Office said.
A 17-year-old suspect has been arrested in Texas in connection with the deadly shooting after a high school graduation ceremony in Fairfield, California, last month, police said.
Before leaving the state, Gov. Newsom gave a news conference where he spoke for the first time to reporters since claiming that he and his wife are under a criminal investigation by the federal justice department.
The Oakland Zoo is now home to a female tiger rescued from a notorious Northern California wildlife sanctuary that was forced to shut down last year.
The American Century Championship celebrity golf tournament returns to Lake Tahoe with Stephen Curry, Charles Barkley, Tony Romo, Larry David, Miles Teller and more.
The struggling Athletics on Monday dismissed pitching coach Scott Emerson.
City leaders in Oakland voted to approve a $125 million deal to sell their share of the Oakland Coliseum complex, a deal that would include revenue from future events.
Rafael Devers scored the tiebreaking run in a two-run eighth inning when catcher Hunter Goodman threw wildly into center field on a stolen-base attempt, and the San Francisco Giants overcame Jake McCarthy's second leadoff inside-the-park home run this season to beat the Colorado Rockies 3-2.
Chicago (50-45) swept the three-game series by outscoring the A's 24-2 after getting swept in three games against Boston.
Tyler Mahle won for the first time since mid-April, Casey Schmitt hit a tiebreaking three-run homer in the sixth inning and the San Francisco Giants beat the Colorado Rockies 4-2.
Congress is returning to Washington with limited time to address a number of priorities ahead of a lengthy August recess and the sprint to the midterm elections.
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.
Congressman Ro Khanna said members of the Israel Defense Forces spoke with the settlers and moved a car to block the road.
A landmark housing bill automatically became law overnight after President Trump declined to sign it.
While there are a few Californians sick with cyclosporiasis, there aren't any known local outbreaks right now, and none linked to the national outbreak, state health officials say.
From bed bugs to asbestos to now Legionnaires' disease — since returning to the office, California state workers have faced many issues. One is now impacting the Department of Industrial Relations building in Lodi.
Former NFL running back Chris Johnson announced that he was diagnosed with ALS, also known as Lou Gehrig's disease, in a "Good Morning America" interview.
Confirmed Ebola cases in the outbreak in eastern Congo have reached 1,003, including 254 deaths, officials said, and tracing those who've been in contact with patients remains a major challenge.
Gallup found that only 49% of Americans were "cost-secure" last year, with concerns about medical bills and prescription costs rising across income groups.
During the program's first year, it will be offered at about 65 to 75 hospitals that handle about a quarter of births in the state and largely serve low-income patients, Newsom's office said.
Fresh off their undefeated season and conference championship win, the women on the team are speaking out for the first time.
Finding the perfect dress isn't easy, but now, selling them could become a lot more challenging.
This weekend, Placer County is hosting its annual Sip Into Spring event, offering free or discounted tastings at more than 20 wineries along what's known as the Placer Wine Trail.
From fruits and veggies to car parts, economists project that businesses will pass along the cost of the tariffs to customers.
President Trump and Gov. Gavin Newsom have made several different claims about California gas prices. Here's what we found.
This year-long investigation provides an unprecedented look at California's one-party supermajority legislature through the eyes of grieving parents who discover how California lawmakers kill popular bills by not voting.
This year-long investigation by CBS News California investigative correspondent Julie Watts examines the many components of California's new tougher-on-crime law.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The California Highway Patrol captain accused of workers' compensation fraud was the commander in charge of the fatal Mahaney Park shootout in Roseville, three officers who worked under him at the time of the shootout said.
CBS13 and the Call Kurtis consumer investigative team devised an idea on how to lower what consumers owe on their credit cards -- and it begins with a simple phone call.
No one wants to think about death. However, it's important to plan on what happens to your digital assets after you die.
After spending $18,000 on waterproof laminate floors, a Natomas couple spotted damage after the first cleaning.
More than a year after Hai Pham canceled the trial membership, he kept getting charged every month for it.
A Natomas mother demanded that her daughter be exhumed and cremated after a Sacramento cemetery moved her grave without telling the family.
The Van Fire was reported Wednesday northeast of White Rock Road in Cathey's Valley, and north of Eastman Lake. The cause of the fire remains under investigation.
Three firefighters were injured while attacking a rapidly spreading vegetation fire sparked by a vehicle fire on Monday afternoon near Groveland, officials said.
Crews are battling a vegetation fire that was threatening structures near Camanche Reservoir in California's San Joaquin Valley, officials said Wednesday evening.
Six months after a California wildfire destroyed dozens of homes in the Tuolumne County community of Chinese Camp, officials say debris removal is now complete and properties are being returned to their owners.
A man has been arrested and charged in connection with the Tiger Fire that burned 118 acres in California's Amador County last summer and forced evacuations near Pioneer.
Their message is simple: keep showing up, keep moving and keep your heart open, because sometimes, the person who changes your life is living right across the street.
A Sacramento County dog picked up thousands of miles from home after he went missing five years ago was reunited with his family on Wednesday.
What started as a suspicious circumstances call for Rancho Cordova police ended with a newborn surprise.
A once-empty lot behind Church of the Cross in north Modesto now hosts a thriving community garden with more than 140 plots and growers from across the globe.
A Sacramento-area middle school history and English teacher is in the running to win big as America's Favorite Teacher, a title her students think she is more than worthy of being awarded.
A man died after a stabbing in Sacramento's Oak Park neighborhood early Tuesday morning.
Carmela Karcher reports.
Galleria Boulevard at Roseville Parkway is one of Roseville's busiest intersections. It has major shopping centers on each corner, including the Sacramento region's largest mall. The city has a plan to solve traffic jams by supersizing the roadways.
While there are a few Californians sick with cyclosporiasis, there aren't any known local outbreaks right now, and none linked to the national outbreak, state health officials say.
Nina Burns reports.