Wholesale prices see biggest spike since 2022
The producer price index came in much higher than expected in May, signaling that U.S. consumers may face more inflation in the coming months. CBS News' Kelly O'Grady explains.
Inflation
New wholesale inflation data shows huge rise
New Producer Price Index data signals that inflation continues to affect wholesalers more and more. CBS News' Kathryn Watson has more.
Trump says U.S. will take Iran's Kharg island
President Trump is renewing his threats to take Iran's Kharg Island, a move that would worsen the dynamic with Tehran despite diplomatic efforts to reach a peace deal. CBS News' Robert Berger and Aaron Navarro report.
Wholesale prices see biggest spike since 2022 as energy costs climb
A surge in the Producer Price Index signals that businesses are paying more for goods and services, which could push up consumer costs.
Trump says U.S. will continue to bomb Iran
President Trump announced that more attacks on Iran are coming following two days of strikes on Iranian facilities and reciprocal strikes in the region by Tehran. CBS News' Kathryn Watson reports.
Trump says "I love the inflation"
Inflation surpassed 4% in May, surging to its highest level in three years, new government data shows. When asked about the latest spike in prices, President Trump said "I love the inflation" and argued global prices would be higher if not for a secret U.S. mission in the Strait of Hormuz. Nancy Cordes has more.
New survey results on U.S. financial stress
A new poll from Edward Jones and Gallup of more than 5,000 adults found only 16% felt financially "fulfilled." More than half said they feel financially "conflicted," experiencing both stability and uncertainty. 32% were financially stressed. Washington Post columnist Michelle Singletary joins "The Daily Report" to discuss her article about the poll.
In a tough economy, many U.S. teachers forced to work second jobs
According to a recent survey, 71% of U.S. public school teachers said they work at least one second job.
Teachers leaning on side hustles
Over a third of U.S. workers now hold multiple jobs just to keep up, according to a recent survey by ZipRecruiter. Meg Oliver shows how many school teachers are working side hustles in this "Affordability in America."
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.
U.S. inflation hits 3-year-high
The U.S. saw its highest inflation since April 2023 in May, according to the latest numbers from the Bureau of Labor Statistics. Kelly O'Grady has more.
What May inflation signals about state of economy
Inflation in the U.S. accelerated in May to its highest level in more than three years. CBS News' Kelly O'Grady breaks down the numbers.
Why consumer prices jumped in May
U.S. consumers paid higher prices once again in May, with inflation at its highest level in over three years. According to the latest report from the Bureau of Labor Statistics, consumer prices accelerated at an annual rate of 4.2%. CBS News MoneyWatch correspondent Kelly O'Grady has more.
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.
Trump on CPI data: "I love the inflation"
President Trump is weighing in on the latest Consumer Price Index data, which shows inflation rose to 4.2% in May. Mr. Trump said, "I love the inflation," and said oil and gas prices will slump after the war with Iran is over.
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.
Trump visits Wisconsin amid jobs report
The Bureau of Labor Statistics released the May jobs report on Friday, with numbers that were significantly higher than experts' projections. President Trump traveled to Wisconsin to meet with dairy farmers in an attempt to energize his supporters. CBS News' Kelly O'Grady and Nikole Killion have more.
Trump admin. reacts to latest jobs report
The Trump administration is touting the latest jobs report, claiming it shows the president's economic policies are working. CBS News' Nancy Cordes reports.
New jobs report beats expectations
The latest jobs report beat expectations for the month of May, but some key points remain unchanged. CBS News' Kelly O'Grady and Aaron Navarro report.
5 economic signals suggest U.S. consumers are feeling the strain
Consumers have kept the economy chugging along despite financial pressures. But some signs suggest they could be losing steam, experts say.
New data shows Americans are saving less
New government data shows Americans are saving less as the U.S. grapples with inflation and higher costs linked to the Iran war. Kristin Myers, ETF editor-in-chief for Asset TV, joins with more.
First inflation report under new Fed chief shows prices still rising
The personal consumption expenditures price index, the Federal Reserve's preferred gauge of inflation, jumped due to higher energy costs.
Americans speak on health insurance costs
In the 1800s, Hartford, Connecticut, picked up the nickname, "The Insurance Capital of the World." Tony Dokoupil visits the city to ask people about rising insurance and healthcare costs.
Summer kicks off with gas and grocery costs up
Americans are now paying 20% more for food than four years ago. Inflation rose nearly 1% this month, mainly due to higher gas prices. Shanelle Kaul reports.
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