Inflation surged in March as Iran war drove up energy costs
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
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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.
A man died after a shooting at a Benicia home late Thursday night, police say.
Cities in Florida and California, where home prices soared during the pandemic, saw some of the steepest declines in property values.
Amtrak may ease rules on guns on its trains, sources say. Critics worry that would weaken security even though, authorities say, the accused correspondents' dinner shooter took Amtrak cross-country with his firearms.
Iran says it's offered a new proposal for talks with the U.S. to end the war, as the Strait of Hormuz standoff sends costs soaring around the world.
The San Joaquin County city of Mountain House is rolling out red-light safety cameras at 14 high-risk intersections, with a 60-day warning period that began Thursday. Enforcement is set to start June 30.
A 60-day warning period began Thursday. Enforcement is set to start June 30.
A man died after a shooting at a Benicia home late Thursday night, police say.
The sunny skies and warmer weather in Northern California are increasing the chance of seeing snakes, and this year, there's been a big spike in the number of fatal rattlesnake bites in the state.
Cities in Florida and California, where home prices soared during the pandemic, saw some of the steepest declines in property values.
Amtrak may ease rules on guns on its trains, sources say. Critics worry that would weaken security even though, authorities say, the accused correspondents' dinner shooter took Amtrak cross-country with his firearms.
After postponing its originally planned 2025 stop in the capital city, X Games is moving forward with its return to Sacramento this summer — now with a major music lineup attached.
Opening statements began in the trial of two people charged in the 2022 K Street shooting, the deadliest mass shooting in Sacramento's history.
The aerial dance troupe Bandaloop dangled from the side of Sacramento's Memorial Auditorium as part of this year's celebration. Artists from across the state attended an awards ceremony marking the 50th anniversary of the California Arts Council.
A domestic violence suspect who was barricaded in a home in Sacramento for hours overnight was arrested early Monday morning, police said.
Gunther's Ice Cream remained open as usual on Saturday following a fire that happened just outside the Sacramento staple.
The sunny skies and warmer weather in Northern California are increasing the chance of seeing snakes, and this year, there's been a big spike in the number of fatal rattlesnake bites in the state.
The new Department of Motor Vehicles regulations allow law enforcement agencies to issue notices of traffic violations to autonomous vehicle companies when their cars commit moving violations.
A massive sea lion is stealing all the attention at San Francisco's Pier 39, along with most of the dock.
A United Airlines flight from San Francisco reported a close call with a drone as it was approaching to land in San Diego, authorities said.
Get ready for what could become a high-stakes "billionaire battle" on California's ballot.
Nick Kurtz drew a walk for his 19th consecutive game and hit a two-run double, helping the Athletics defeat the Kansas City Royals 6-3.
After postponing its originally planned 2025 stop in the capital city, X Games is moving forward with its return to Sacramento this summer — now with a major music lineup attached.
Bobby Witt Jr. hit a three-run homer in the 10th inning, Salvador Perez had a solo shot and the Kansas City Royals beat the Athletics 4-1 on Tuesday night for their fourth straight victory.
Landen Roupp held Miami to two hits in 7 2/3 innings and Casey Schmitt hit a go-ahead home run for the second straight game as the San Francisco Giants beat the Marlins 6-3.
Casey Schmidt hit a two-run homer, Drew Gilbert and Heliot Ramos added solo shots and the San Francisco Giants beat the Miami Marlins 6-2 on Saturday.
Amtrak may ease rules on guns on its trains, sources say. Critics worry that would weaken security even though, authorities say, the accused correspondents' dinner shooter took Amtrak cross-country with his firearms.
The Trump administration is proposing wastewater testing to try to ferret out data on illegal drug use in real time, according to a draft of a new drug control strategy obtained by CBS News. It also proposes using AI to track threats.
Test strips cost about $1 each and can be used to check drugs for dangerous contaminants, including fentanyl and xylazine.
The longest shutdown of a federal department in U.S. history came to an end on Thursday when President Trump signed a bill to fund most of the Department of Homeland Security following a breakthrough on Capitol Hill.
The budget blueprint is the first step in Republicans' two-pronged plan to end the Department of Homeland Security shutdown.
Food containing norovirus may smell and taste normal but still cause serious illness if consumed, FDA warns.
HHS Secretary RFK Jr. wants the popular coffee chains to prove their surgery drinks are safe for teens and suggested the Trump administration could place limits on your cup of coffee.
Public health officials say they've confirmed two cases of measles in Sacramento County.
Multiple elephant seal pups along the Northern California coast have tested positive for the deadly avian influenza, or bird flu, according to new research from the University of California.
Here's what to know about TrumpRx, including how it works, who can use it, and how much money it can save.
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.
An economic blackout was underway Friday as activists nationwide encouraged people not to spend their money at large corporations, retailers and fast-food chains for 24 hours.
San Joaquin County's retail theft reporting app has only been around for six months and is already bringing a sense of calmness to local business owners.
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.
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.
A major home developer is rethinking how communities are built in wildfire-prone areas and the future is taking shape in El Dorado County.
San Joaquin County secured a grant aimed at helping to build a wildfire protection plan for the entire county.
More than two dozen structures were destroyed in a wildfire in the eastern Sierra Nevada mountains on Wednesday afternoon, officials said.
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.
Junior Romello Bruhn of Woodland Christian High School is closer than ever to scoring 3,000 career points, something only 13 high school athletes have accomplished in California state history.
The Stevenson Bridge will be closed as crews work on seismic retrofitting and roadway realignment.
The San Joaquin County city of Mountain House is rolling out red-light safety cameras at 14 high-risk intersections, with a 60-day warning period that began Thursday. Enforcement is set to start June 30.
The sunny skies and warmer weather in Northern California are increasing the chance of seeing snakes, and this year, there's been a big spike in the number of fatal rattlesnake bites in the state.
The Golden State Valkyries are looking to build off their inaugural season.
Steve Large reports.