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.
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
The impact of higher energy prices and fears about covering monthly bill is taking a toll on public sentiment, a new Gallup poll finds.
The cost of ground beef in the U.S. has soared in recent years and is forecast to jump even further in 2026. What gives?
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.
Mortgage rates, though still well below their level a year ago, have edged up since the Iran war erupted. Here's why.
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
The inflation data captures the period before the Iran war broke out. Since then, oil prices have surged, driving inflation fears.
Stocks fell after new government data showed U.S. employers shed 92,000 jobs in February and as investors fret over oil prices.
Large U.S. retailers say the Trump administration tariffs are forcing them to hike customer prices to offset higher costs.
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 higher Medicare Part B premium in 2026 could erode next year's cost-of-living adjustment for Social Security recipients, experts say.
The percentage of Americans just scraping by financially is rising as wage growth slows and inflation flares, Bank of America finds.
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.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
The rush for gold continues as economic uncertainty deepens and anxious investors seek a safe haven for their money.
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.
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
It is the last day of school for students on a year-round schedule in Elk Grove.
Shea Langeliers capped a seven-run rally in the fifth with the Athletics' sixth straight single, backing J.T. Ginn in a 9-3 victory over the Angels on Friday night after Los Angeles fired general manager Perry Minasian.
It is a battle over what "American" means on a wine bottle.
Some residents pushed back over the event's original location at Dorada Park and a planned drag performance.
This year, the camp welcomed 54 campers. For many of them, the week is about building friendships with other young burn survivors who understand what they have been through.
Some residents pushed back over the event's original location at Dorada Park and a planned drag performance.
It is the last day of school for students on a year-round schedule in Elk Grove.
Let the games begin. The debut of the X Games in Sacramento is on Friday at Cal Expo.
As California Gov. Gavin Newsom eyes a 2028 presidential bid, he's calling for a national tax on billionaires and a public stake in AI, though he opposes a state ballot measure to tax billionaires.
Shea Langeliers capped a seven-run rally in the fifth with the Athletics' sixth straight single, backing J.T. Ginn in a 9-3 victory over the Angels on Friday night after Los Angeles fired general manager Perry Minasian.
Let the games begin. The debut of the X Games in Sacramento is on Friday at Cal Expo.
The Sacramento Fire Department said on Thursday that it confirmed a post to its X account claiming a terror attack had occurred at Levi's Stadium in Santa Clara was the result of a hack.
One of Sacramento's first skyscrapers celebrated a big birthday on Wednesday. Hundreds of people gathered for the 100th anniversary of the Elks Tower in downtown.
Parents are getting a chance to check out a new way to control their kids' driving without even being in the car.
Exterminators say the Turkestan cockroach has become one of the most common roaches in the Sacramento region — and it is increasingly showing up inside homes.
It is a battle over what "American" means on a wine bottle.
Californians will vote in November on a controversial proposal to impose a one-time tax on billionaires to help fund federal funding cuts to healthcare for low-income people.
The family of former NFL player Doug Martin filed a federal civil rights lawsuit against the City of Oakland, several Oakland police officers, and a paramedic company after his death last year while in police custody.
Initial findings showed no evidence of rising statewide unemployment claims from workers in occupations considered highly exposed to AI.
A 22-year-old man died after being swept over Nevada Fall at Yosemite National Park in an incident that was reportedly witnessed by several people.
Shea Langeliers capped a seven-run rally in the fifth with the Athletics' sixth straight single, backing J.T. Ginn in a 9-3 victory over the Angels on Friday night after Los Angeles fired general manager Perry Minasian.
Let the games begin. The debut of the X Games in Sacramento is on Friday at Cal Expo.
Jonah Heim's RBI single tied the game, Lawrence Butler followed with a go-ahead RBI hit and the Athletics scored four times with two out in the ninth inning Thursday, rallying for a 9-6 win over the San Francisco Giants.
The U.S. men's team had already clinched its spot in the Round of 32, the knockout round, with its 2-0 win over Australia on Friday.
The family of former NFL player Doug Martin filed a federal civil rights lawsuit against the City of Oakland, several Oakland police officers, and a paramedic company after his death last year while in police custody.
The U.S. military says it hit Iranian targets over Iran's drone attack on a commercial vessel in the Strait of Hormuz, marking the first American strikes on Iran since the two countries formally agreed to extend a ceasefire last week.
As California Gov. Gavin Newsom eyes a 2028 presidential bid, he's calling for a national tax on billionaires and a public stake in AI, though he opposes a state ballot measure to tax billionaires.
An investor who employed and was close to Jeffrey Epstein appeared before members of Congress Friday investigating the deceased sexual abuser.
Californians will vote in November on a controversial proposal to impose a one-time tax on billionaires to help fund federal funding cuts to healthcare for low-income people.
The report said the city council budgets $500,000 a year for investigations and the entire amount was gone in the first half of the 2025-2026 fiscal year.
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.
WHO chief Tedros Adhanom Ghebreyesus says risks from the Ebola outbreak in Congo and Uganda are "high at the national and regional levels, and low at the global level."
The cruise ship hit by a deadly hantavirus outbreak has docked at the Dutch port of Rotterdam for disinfection, wrapping up a troubled journey that put world health authorities on alert.
At least 80 deaths have been reported in a new Ebola disease outbreak in Congo and Uganda, authorities said.
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.
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.
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.
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.
His team enters disaster zones and works with governments to create a plan to rebuild.
It is the last day of school for students on a year-round schedule in Elk Grove.
California grape growers are pushing for stricter labeling rules, arguing that wine labeled “American” should be made entirely from American-grown grapes.
Oakdale Pride was originally set to happen here at Dorada Park. That changed after the latest City Council meeting, where residents raised concerns about the event.
For more than 30 years, Firefighters Kids Camp has given young burn survivors a place to feel understood, supported and free to just be kids.