CPI report shows inflation eased in July to a 3.4% annual pace
The CPI report was in line with economists' expectations, marking the second consecutive month with cooler price pressures.
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The CPI report was in line with economists' expectations, marking the second consecutive month with cooler price pressures.
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.
The teams square off for the second time this season. In the last meeting on May 14 the Sky won 69-63 led by 18 points from Rickea Jackson, while Gabby Williams scored 18 points for the Valkyries.
Roads were back open Wednesday morning after a fire involving lithium batteries prompted a hazardous materials response at an industrial park in south Sacramento.
The CPI report was in line with economists' expectations, marking the second consecutive month with cooler price pressures.
A Secret Service analyst told CBS News a single skimming device can net a scammer up to $1 million.
A construction worker was killed in a crash along Highway 50 this week, highlighting growing safety concerns along the busy corridor as the massive Fix 50 project nears completion.
A construction worker was killed on Highway 50 this week, raising new safety concerns as the Fix 50 project nears completion.
The teams square off for the second time this season. In the last meeting on May 14 the Sky won 69-63 led by 18 points from Rickea Jackson, while Gabby Williams scored 18 points for the Valkyries.
Roads were back open Wednesday morning after a fire involving lithium batteries prompted a hazardous materials response at an industrial park in south Sacramento.
The CPI report was in line with economists' expectations, marking the second consecutive month with cooler price pressures.
A Secret Service analyst told CBS News a single skimming device can net a scammer up to $1 million.
Bicycle advocates are calling for immediate changes to local roads and bike infrastructure after 10 bicyclists have been killed on Sacramento-area roadways so far this year.
Sacramento police arrested a suspect Monday night after he armed himself with a knife and lit fires at an apartment building, officials said.
A road worker on U.S. Highway 50 in Sacramento was killed in a crash involving a suspected drunk driver overnight Monday, authorities said.
Most high school students don't set foot on a college campus until after graduation. At one Sacramento City Unified School District campus, it's a graduation requirement.
Two people were injured in a suspected road-rage shooting Wednesday evening in North Sacramento, officials said.
Wagering on wildfires — that's what some people are doing on some prediction markets. But lawmakers say betting on a disaster crosses a line, and they're now pushing for new restrictions to stop it.
Nine schools just across the California-Nevada border will remain closed Wednesday as the Bug Fire continues to bring evacuations and power outages to communities north of Reno.
A preliminary report on the February avalanche that killed nine people released by the backcountry guide company involved assigned no blame for the tragedy.
In the valley and foothills, temperature highs will range from 102 to 108, and lows will dip into the mid-60s to 80 degrees.
California's unemployment rate remains among the highest in the nation as more residents turn to state benefits for financial support — but some say they're struggling to get help from the agency responsible for processing those claims.
The teams square off for the second time this season. In the last meeting on May 14 the Sky won 69-63 led by 18 points from Rickea Jackson, while Gabby Williams scored 18 points for the Valkyries.
Taylor Walls homered from both sides of the plate for the second time in his career, Nick Martinez tossed a complete game and the Tampa Bay Rays won their eighth straight game, 12-4 over the Athletics on Tuesday night.
Junior Caminero hit a three-run homer in an eight-run eighth inning as the Tampa Bay Rays rallied for a 10-6 victory over the Athletics on Monday night.
Sacramento State football will make its first trip to Oregon in 2028, adding another marquee opponent to the Hornets' future schedules as the program begins its move into the FBS.
The former San Francisco 49ers star running back spoke in a prerecorded video message while he sat on stage wearing his gold jacket at Tom Benson Stadium on Saturday.
U.S. Immigration and Customs Enforcement officers may soon be outfitted with gloves that can deliver painful electric shocks that are intended to gain compliance from combative individuals.
Wagering on wildfires — that's what some people are doing on some prediction markets. But lawmakers say betting on a disaster crosses a line, and they're now pushing for new restrictions to stop it.
Todd Blanche was sworn in as attorney general after the Senate narrowly voted to confirm the president's former defense lawyer to helm the Justice Department over the weekend.
President Trump signed an executive order on childhood vaccine schedules Monday.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
The Social Security Administration is expanding its list of diseases and other health conditions that may qualify for accelerated approval of disability benefits.
In a wide-ranging interview with the CBS News partner BBC News, Hunter Biden grew emotional as he discussed his father's condition, describing it as very sad to watch.
Two Michigan residents who had "significant underlying health conditions" have died after contracting cyclosporiasis, the Michigan Department of Health and Human Services said.
CBS News Sacramento spoke with the head of UC Davis Children's Hospital about the rising cases and why measles specifically is the most infectious disease.
The case accuses OpenAI of practicing medicine without a license and failing to safeguard users seeking health advice.
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.
A 47-year-old woman was arrested on suspicion of intentionally starting the Fred Mountain Fire, one of two wildfires that have merged at the California-Nevada border as thousands of people remain under evacuation orders and warnings.
Crews in Northern California's El Dorado County have stopped the forward progress of a wildfire that prompted mandatory evacuation orders and warnings for parts of the Somerset area, officials said Monday.
It's a loss one friend says came after Susan Solari made the heartbreaking decision to stay behind with the dogs she loved.
For Mary Anne and Glenn Meeks, the fire's rapid growth left little time to prepare. The couple spent the night at an evacuation center in Valley Springs after flames moved to within a few miles of their home.
The Northern California wildfire has burned 7,052 acres with no containment, keeping evacuations in place near New Hogan Lake.
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.
Roadways are back open after the fire on Tuesday night.
Bicycle advocates are calling for immediate changes to local roads and bike infrastructure after 10 bicyclists have been killed on Sacramento-area roadways so far this year.
Darrielle Fair reports.
Carmela Karcher reports.
A 47-year-old woman was arrested on suspicion of intentionally starting the Fred Mountain Fire, one of two wildfires that have merged at the California-Nevada border as thousands of people remain under evacuation orders and warnings.