Inflation rate rose by 2.4% last month, showing cooling prices
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
Consumer Price Index
Unpacking slight February inflation cooldown
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.
Inflation rises by 2.8% in February
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 expected to continue to rise
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 say incomes not keeping up with inflation — CBS News poll
Americans express concern about their ability to pay bills and save money.
Consumer confidence plunged in February amid rising economic concerns
Sharp drop in closely watched consumer sentiment gauge marks the biggest monthly decline in confidence in more than four years.
Wholesale prices rise 0.4% in January
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.
Breaking down Jan. consumer price index report
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, CPI report finds
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.
What does inflation mean for the economy?
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.
CPI: Inflation hotter than expected in January
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.
Trump to inherit 5-month high inflation rate
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.
CPI edged higher in December, complicating the Fed's rate decision
Inflation is proving stickier than expected, which could cause Fed to hit pause button on more interest rate cuts.
Inflation up 2.9% in latest CPI report
The latest consumer price index report shows inflation rose 2.9% year-over-year in December, marking three months of consecutive increases. Experts are warning of delays in interest rate cuts and possibly even rate hikes. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Holiday shoppers feeling inflation pinch
The Labor Department reported Wednesday that consumer prices rose 2.7% year-over-year in November. The news comes as consumers do their holiday shopping and the Federal Reserve weighs its final rate decision of 2024. CBS News contributor Javier David has more.
Concerning new data on U.S. inflation
New inflation data shows concerning consumer trends and sticky high prices for food and shelter. CBS MoneyWatch correspondent Kelly O'Grady reports.
CPI shows uptick in inflation for November
New data from the Labor Department shows the consumer price index, a key inflation gauge, rose 0.3% in November. That will likely impact the Federal Reserve's final interest rate decision of 2024. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Thanksgiving grocery prices down slightly
Shoppers buying Thanksgiving groceries are seeing some relief at the register for the first time in years. The price of staples like turkey, pumpkin and green beans are down compared to last year, although cranberries and wine have jumped. Kelly O'Grady reports.
What inflation data means for consumers
The Labor Department data released Wednesday showed that inflation ticked back up in October, which is what economists were expecting. CBS News MoneyWatch correspondent Kelly O'Grady has more on what it means for consumers.
Inflation ticks up for first time since March
The consumer price index in October rose 2.6% year-over-year, the Labor Department reported Wednesday, a higher rate than September's 2.4%. The uptick means the Federal Reserve's 2% target rate is further out of reach. Kelly O'Grady reports.
Inflation rises 2.6% in October
U.S. inflation rose 2.6% on an annual basis in October, matching forecasts from economists, but signaling a bumpy road ahead in the Federal Reserve's battle to tame inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more.
Some U.S. grocery prices are dipping for the first time since 2020
Americans have struggled with high grocery costs since inflation soared during the pandemic. Now prices are falling.
Producer price index unchanged in September
New data from the Bureau of Labor Statistics shows the producer price index was flat in September. Dow Jones economists had predicted a tenth of a percent increase. CBS News contributor J.D. Durkin has more.
August CPI report shows 0.2% inflation rise
The Consumer Price Index rose 0.2% in August, the same as July, putting the 12-month inflation rate at 2.5%. CBS News contributor Javier David has a look at the numbers and what they might mean for interest rates.
Inflation cools further before Fed's next interest rate decision
The monthly report is viewed as key factor in whether the Federal Reserve cuts its benchmark interest rate in September.
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