New data show inflation back on the rise
After a slight slowdown in August, inflation is accelerating again. Michael George reports. (10-13-22)
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After a slight slowdown in August, inflation is accelerating again. Michael George reports. (10-13-22)
Dow swings more than 1,300 points as investors glimpse reasons for hope in September consumer price index.
Natalie Brand reports on the economic worries business owners have as they consider options during midterm elections (10-11-2022)
Gov. Newsom said oil companies need to explain why California drivers pay so much more than the rest of the nation.
Gov. Newsom said oil companies need to explain why California drivers pay so much more than the rest of the nation. Shawn Chitnis reports. (9-30-22)
Ryan Yamamoto asked energy expert Dave Hackett with Stillwater Associates what's behind the sudden spike in gasoline prices and what can be done about it. (9-29-22)
Jill Schlesinger reports on the impacts of the latest interest rate hike by the Fed on consumers (9-22-2022)
Naomi Ruchim reports on effort by Feds to curb inflation by hiking interest rates (9-21-2022)
Borrowing costs rose to their highest level in 14 years, and more interest-rate hikes are likely, Fed signaled.
Inflation in the central Bay Area shrank by half a percent between June and August, but it was up 5.7 percent from a year earlier, according to data released Tuesday by the U.S. Bureau of Labor Statistics.
New government data shows consumer prices surged 8.3% in August over last year, but down from a 40-year high in June.
Natalie Brand reports on President Biden signing historic bill addressing climate, inflation and prescription prices (8-16-2022)
While inflation is slowing, rising cases of bird flu in Sacramento and Sonoma Counties could keep the price of eggs and poultry high. Andrea Nakano reports. (8/10/22)
Consumer prices rose 8.5% over the past 12 months, marking a slowdown but still painfully high for millions of Americans.
The bill's passage is a significant achievement for Democrats as they look to maintain their hold on Congress in the November midterm elections.
Sen. Kyrsten Sinema, a centrist who was seen as the pivotal vote, said in a statement that she had agreed to changes in the measure's tax and energy provisions.
CEO Vlad Tenev says soaring inflation and cryptocurrency crash is discouraging customers from trading.
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.
More than 250,000 people applied for unemployment benefits last week, the highest number since November.
The ongoing aluminum can shortage is changing the way some craft breweries are conducting business.
The ongoing aluminum can shortage is changing the way some craft breweries are conducting business. Max Darrow reports. (7-16-22)
Prices at the pump are still high but we're tracking the first signs that those prices are starting to drop. That's not just the case for our cars but also for airlines. Max Darrow reports. (7-14-22)
Nationally, inflation has hit 9.1% the highest in 40 years. While the Bay Area didn't see a jump to those levels, it was high enough and food banks are seeing a huge increase in the need for food and the cost to do business.
Nationally, inflation has hit 9.1% the highest in 40 years. While the Bay Area didn’t see a jump to those levels, it was high enough and food banks are seeing a huge increase in the need for food and the cost to do business. Andrea Nakano reports. (7/13/22)
