What the latest CPI data says about tariff impact
New government data shows the cost of consumer goods increased slightly last month, but the true effect of the higher tariffs haven't hit consumers yet. Jo Ling Kent explains.
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New government data shows the cost of consumer goods increased slightly last month, but the true effect of the higher tariffs haven't hit consumers yet. Jo Ling Kent explains.
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.
Beef costs around the U.S. surged to a record high in May. What's driving that jump, and are prices likely to ease up?
The latest Consumer Price Index (CPI) report shows that U.S. inflation rose by 0.1% in May, which is less than expected. CBS News MoneyWatch correspondent Kelly O'Grady breaks it all down. Also, CBS News' Natalie Brand has the latest updates from the White House as President Trump boasts about an agreement with China being close to the finish line.
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.
Expired sales labels led to overcharges on more than 150 grocery items, according to an investigation led by Consumer Reports and others.
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
The April consumer price index, a key gauge of U.S. inflation, came in slightly lower than economists expected at 2.3% in April, but was still higher than the Federal Reserve's 2% goal. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
The Consumer Price Index for April showed a 2.3% rise on an annual basis, which was lower than economists had predicted. CBS News MoneyWatch correspondent Kelly O'Grady reports.
A new study from SmartAsset reveals varied increases in grocery prices depending on where you live.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
Inflation cooled more than economists expected in February but remained higher than where the Federal Reserve would like it to be, rising 2.8% from a year earlier. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to examine what that means for price relief for Americans.
The new consumer price index shows inflation cooled in February, coming in at a lower rate than economists expected. CBS News MoneyWatch correspondent Kelly O'Grady has a look at the numbers.
Egg prices are expected to continue going up as farmers across the country deal with outbreaks of bird flu. The USDA is working to reimburse farmers who have to kill and replace their chickens. Kati Weis reports.
Americans express concern about their ability to pay bills and save money.
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four years.
The producer price index jumped 0.4% in January, a mark that's higher than expected and possibly another indicator that progress against inflation has stalled. CBS News MoneyWatch correspondent Kelly O'Grady has more.
The latest CPI report reveals a 3% increase in prices compared to last year, with eggs being just one of the many items seeing higher costs. CBS News Moneywatch correspondent Kelly O'Grady breaks down the key takeaways from the report.
Inflation accelerated in January, rising 3% on an annual basis, indicating that the Federal Reserve's push to drive inflation down to a 2% annual rate has stalled out, at least temporarily. Martin Baccardax joins to discuss.
New data out Wednesday shows U.S. inflation accelerated faster than economists had predicted in January. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
The consumer price index shows that inflation accelerated in January at a pace economists weren't forecasting, rising 3% on an annual basis and 0.5% monthly. CBS News MoneyWatch correspondent Kelly O'Grady reports.
President-elect Donald Trump is set to inherit inflation at a 5-month high. According to the Labor Department, consumer prices rose 2.9% year-over-year and 0.4% month-over-month in December, the largest gains in overall prices in months. CBS News MoneyWatch correspondent Kelly O'Grady joins "America Decides" to break down the new numbers.
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
President Trump details his experience at the White House Correspondents' Dinner, where a gunman charged toward the ballroom. He says he wasn't worried, and praised the actions of law enforcement.
Cole Allen, 31, sent an email to family members shortly before the annual press gala, officials told CBS News.
CBS News senior White House correspondent Weijia Jiang was sitting next to President Trump at the White House Correspondents' Dinner when the chaos unfolded.
President Trump was safely evacuated from the White House Correspondents' Association Dinner Saturday night after shots were fired outside the ballroom of the Washington Hilton Hotel.
Iranian Foreign Minister Abbas Araghchi returned to Islamabad on Sunday, where he is expected to participate in talks focused on ending the war with the U.S., Iranian state media reported.
The suspect was identified to CBS News by law enforcement sources as 31-year-old Cole Allen of Torrance, California.
U.S. Attorney Jeanine Pirro said Friday her office is dropping its criminal investigation into Fed Chairman Jerome Powell and the $2.5 billion renovation of the central bank's headquarters.
In an interview with "60 Minutes," President Trump described the moment he was rushed out of the White House Correspondents' Dinner after a gunman charged a security checkpoint.
Hisham Abugharbieh, 26, has been charged with the murders of Nahida Bristy and Zamil Limon, whose body was found Friday.
Hisham Abugharbieh, 26, has been charged with the murders of Nahida Bristy and Zamil Limon, whose body was found Friday.
The latest U.S. military strike on a boat accused of ferrying drugs in the eastern Pacific Ocean killed three people Sunday.
Former Sen. Ben Sasse, who was diagnosed with pancreatic cancer late last year, spoke to CBS News about why Congress is dysfunctional, the promises and risks of AI and his wish for the country.
Police said the shooting occurred after a fight outside Five Guys. The victims were women between the ages of 17 to 22 years old.
On this "Face the Nation with Margaret Brennan" broadcast, acting Attorney General Todd Blanche and Chevron CEO Mike Wirth join Margaret Brennan.
U.S. Attorney Jeanine Pirro said Friday her office is dropping its criminal investigation into Fed Chairman Jerome Powell and the $2.5 billion renovation of the central bank's headquarters.
Commercial vessels face risks from mines and threats from land, Chevron's chief executive Mike Wirth said in an interview with "Face the Nation" moderator Margaret Brennan.
Economists say Americans should expect elevated prices at the pump and rising grocery costs in the months to come.
The waiver lets international ships carry goods between U.S. ports and is aimed at lowering energy prices.
Consumers allege that Trader Joe's improperly advertised a coffee product as fully caffeinated when it was not.
The latest U.S. military strike on a boat accused of ferrying drugs in the eastern Pacific Ocean killed three people Sunday.
Former Sen. Ben Sasse, who was diagnosed with pancreatic cancer late last year, spoke to CBS News about why Congress is dysfunctional, the promises and risks of AI and his wish for the country.
On this "Face the Nation with Margaret Brennan" broadcast, acting Attorney General Todd Blanche and Chevron CEO Mike Wirth join Margaret Brennan.
U.S. Attorney Jeanine Pirro said Friday her office is dropping its criminal investigation into Fed Chairman Jerome Powell and the $2.5 billion renovation of the central bank's headquarters.
The following is the transcript of the interview with Rep. Jamie Raskin, Democrat of Maryland, that aired on "Face the Nation with Margaret Brennan" on April 26, 2026.
Tim Fitzpatrick, a father of a chronically ill child, saw the story of a boy in need of a new kidney and felt compelled to help.
The former U.S. senator from Nebraska opened up about his terminal diagnosis, his family and the state of American politics in a "Things That Matter" town hall.
Drug-making giant Johnson & Johnson will officially start marketing four of its medications on the Trump administration's TrumpRx website on Friday, CBS News exclusively learned.
Millions of people rely on the supplemental insurance to offset the deductibles, copayments, and other costs faced by enrollees in the traditional Medicare program.
Work requirements will encourage people who are able to work to seek and maintain jobs, proponents say. But researchers haven't found that they lower the unemployment rate.
The latest U.S. military strike on a boat accused of ferrying drugs in the eastern Pacific Ocean killed three people Sunday.
Strikes across Ukraine, Russian-occupied territory and Russia killed at least 16 people, authorities said, as the 40th anniversary of the Chernobyl nuclear disaster prompted fresh warnings about the risks posed by attacks near the plant.
The following is the transcript of the interview with Rep. Jamie Raskin, Democrat of Maryland, that aired on "Face the Nation with Margaret Brennan" on April 26, 2026.
The following is the transcript of the interview with Sir Christian Turner, U.K. ambassador to the U.S., that aired on "Face the Nation with Margaret Brennan" on April 26, 2026.
The following is the transcript of the interview with CBS News national security contributor Sam Vinograd and CBS News law enforcement analyst AT Smith that aired on "Face the Nation with Margaret Brennan" on April 26, 2026.
Hosted by Jane Pauley. Featured: America's adversarial relationship with Cuba; singer-songwriter Kacey Musgraves; Rep. Jim Clyburn; reviving a Welsh soccer town; tree lovers; artist Jenny Saville; and rescuing Venus fly traps.
A couple of years ago, the Grammy-winner went home to East Texas to heal from a breakup. She talks about how her "Dry Spell" led to a creative monsoon – her latest album, "Middle of Nowhere."
In this web exclusive, Grammy-winning singer-songwriter Kacey Musgraves talks with correspondent Anthony Mason about her latest album, "Middle of Nowhere," a record inspired by loneliness following a breakup, and how she grew to feel empowered by the concept of liminal space.
A couple of years ago, Grammy-winner Kacey Musgraves went home to east Texas to heal from a breakup. She tells Anthony Mason that in writing her latest album, "Middle of Nowhere," she learned how to embrace being alone. She also talks about the influence of her mentor, singer-songwriter John Prine, and how the emotions of her latest songs poured out of loneliness.
"Sunday Morning" remembers some of the notable figures who left us this week, including acclaimed conductor Michael Tilson Thomas.
A CBS News analysis found that Georgia Power, the largest energy provider in the state, imposed six rate hikes in the last three years.
This week, Maine's governor vetoed a bill that would have made the state the first to ban the construction of new data centers. Shanelle Kaul reports.
From labor shortages to environmental impacts, farmers are looking to AI to help revolutionize the agriculture industry. One California startup, Farm-ng, is tapping into the power of AI and robotics to perform a wide range of tasks, including seeding, weeding and harvesting.
The ChatGPT account of the shooter, who killed eight people in a small British Columbia community, had been banned about eight months prior to the massacre.
Some young people are opting to go phone-free to live in the moment. USA Today youth mental health reporter Rachel Hale went to an underground, phone-free party in New York City and wrote about her experience. She tells "The Daily Report" about it.
The carnivorous Venus fly trap is native to the Carolinas, but its population is dwindling due to loss of habitat. Correspondent Seth Doane talks with botanist Julie Moore, who has spent much of her life helping to save these remarkable plants; and with Damon Waitt, director of the North Carolina Botanical Garden, who discusses the unusual traits of a species that Charles Darwin called the most interesting plant in the world.
On April 24, 1990, NASA launched the Hubble Space Telescope from the Space Shuttle Discovery after seven years of delays. Watch CBS News' coverage from that day.
New analyses of fossilized jaws reveal that massive, kraken-like octopuses once hunted alongside other marine predators.
Scientists spent over two years identifying a mysterious object found off the coast of Alaska in 2023.
Researchers studied how the drug affected the movements of wild fish in their natural habitats.
Hisham Abugharbieh, 26, has been charged with the murders of Nahida Bristy and Zamil Limon, whose body was found Friday.
Nancy Cordes has a timeline of Saturday night's shooting at the White House Correspondents' Dinner, details on the suspect and info on the site of the attack.
Sir Christian Turner, the British ambassador to the U.S., told "Face the Nation with Margaret Brennan" that he is "very confident" that King Charles and Queen Camilla will have the "very best security" in their visit to the White House this week.
Police credited the podcast with generating crucial tips from the public and prompting new witnesses to approach investigators.
Cole Allen, 31, sent an email to family members shortly before the annual press gala, officials told CBS News.
"This experiment's never been run before on another world," said Amy Williams, an astrobiologist working on the Curiosity mission.
The launching appeared to go off without a hitch, but a problem prevented the rocket's upper stage from putting its payload into the correct orbit.
"We are carrying back everything we learned, not only about where we went but ourselves," mission specialist Christina Koch told "CBS Evening News" anchor Tony Dokoupil.
The four Artemis II astronauts struggled to describe the view and overall experience of flying around the moon's far side and witnessing a solar eclipse in deep space.
People on the ground in the Eastern Hemisphere will be able to observe the asteroid with their own eyes, weather permitting, according to NASA.
A look back at the esteemed personalities who've left us this year, who'd touched us with their innovation, creativity and humanity.
Does the evidence show a cover-up, or was Todd Kendhammer wrongfully convicted for the murder of his wife?
Christy Salters-Martin dominated in the boxing ring but faced her toughest challenger at home.
Family seeks answers in death of newlywed who disappeared in 2005 while on Mediterranean honeymoon cruise.
Meet the tattooed beauty charged in the death of Google executive Forrest Hayes.
As he battles stage four pancreatic cancer, former Sen. Ben Sasse takes questions on his health, American health care, the state of the country and more in this CBS News Things That Matter town hall.
First, President Donald Trump: The 2026 60 Minutes Interview. Then, Ben Sasse: The 60 Minutes Interview. And, a report on the pigeon mafia.
Breakdown of White House Correspondents' Dinner shooting; alleged gunman wrote that he expected more security.
In an extended 60 Minutes interview, President Trump dismissed White House Correspondents' Dinner attack conspiracy theories, saying people spreading them are "more sick than they are con people."
Tony Dokoupil shares his thoughts on Saturday night's shooting at the White House Correspondents' Dinner.