August CPI report could spark the Fed's first rate hike in over 3 years
Friday's August CPI report could set the stage for the Federal Reserve's first interest rate hike in more than three years.
Consumer Price Index
Inflation is outpacing wages again. Many workers were already behind.
When inflation rises faster than workers' wages, it feels like they're getting a pay cut. Companies, meanwhile, benefit.
AI is driving up consumer prices. That won't stop anytime soon.
Surging AI investment is pushing up the cost of smartphones and other gadgets, according to analysts. Here's why.
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.
Inflation eased more than expected in June, CPI report shows
Lower gasoline prices slowed inflation in June, though many household costs remained stubbornly high.
Walmart cuts prices on thousands of items, including beef and soda
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."
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.
Breaking down May's inflation report
Inflation surged again in May due to high energy costs and supply constraints worsened by the Iran war. Madison Mills, a senior reporter at Axios, joins to discuss.
Inflation surges to 4.2% in May CPI report
Household budgets are under increased pressure as new Consumer Price Index data shows inflation rose to 4.2%, the highest level since April 2023. The Federal Reserve will meet later in June to discuss interest rates. CBS News' Kelly O'Grady breaks it down.
May inflation likely topped 4% for first time in 3 years, economists say
Economists expect the Consumer Price Index this week to show U.S. inflation continuing to rise due to higher energy costs.
Why have tomato prices surged nearly 40% in a year?
Experts point to several factors, from tariffs to weather, behind the rapid price increase in the humble tomato.
CPI surged in April as inflation soars to highest level in almost 3 years
U.S. consumer prices rose in April, fueled by a spike in energy prices caused by the Iran war.
Will the Fed cut rates? Here's what to expect at Wednesday's meeting.
The Federal Reserve is contending with rising inflation amid the war and a lackluster job market, along with the departure of Fed Chair Jerome Powell.
U.S. inflation skyrockets amid Iran war
U.S. inflation surged in March, with the Consumer Price Index rising at a 3.3% annual rate due to the Iran war's impact on global energy costs.
Inflation surged in March as Iran war drove up energy costs
Inflation rose at an annual rate of 3.3% in March, driven by the sharpest monthly increase in gas prices since 1967.
MoneyWatch price tracker shows how much food, utility, housing costs are rising
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
CPI report may show inflation hitting 2024 levels amid soaring gas prices
Economic forecasts show that this week's March Consumer Price Index could show prices climbing at their fastest pace in nearly two years.
Analysts warn oil prices could keep climbing as Iran war intensifies
Every 1-cent increase in gasoline prices reduces consumer spending by $1.5 billion annually, one economist says.
CPI climbs 0.3% in February, as expected
The new Consumer Price Index released Wednesday shows inflation ticked up in February, but was in line with what experts expected. CBS News MoneyWatch correspondent Kelly O'Grady has more.
January CPI report is the best inflation news in months. Here's why.
The inflation reading, the lowest since May 2025, shows grocery, gas and rent prices are cooling.
CPI rose at an annual rate of 2.4% in January, cooler than expected
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
CPI rose at 2.7% annual rate in December as inflation remains sticky
Although there are signs that inflation is starting to ease, consumers still face pressures from high food prices and other costs.
New data shows no change in inflation rates
New Consumer Price Index data depicts there was no change in inflation rates from November through December of 2025. Sam Goldfarb, a markets reporter for The Wall Street Journal, has more.
As beef prices rise, small butcher shops adapt to changing demand
With higher prices for beef, customers are looking for alternatives.
How butchers are adapting to higher beef prices
As beef prices rise, small butcher shops are adapting to changing demand. Kelly O'Grady reports.
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