Here's how much inflation is costing Americans each month
Sharply higher prices for food, energy and other products are draining household budgets across the U.S.
Inflation
Omicron variant, inflation cause stock drop
CBS News business analyst Jill Schlesinger joins "CBS Mornings" to discuss the stock market's drop upon news that the Fed could end some emergency COVID measures sooner than expected. Plus, what the newly-identified Omicron COVID-19 variant is doing to the economy.
How to cut costs amid 7.9% inflation
CBS News business analyst Jill Schlesinger joins "CBS Morning" to share ways to save money at the gas pump and grocery store amid record-high inflation.
How supply shortages will impact Thanksgiving
Supply chain problems across the country could cause havoc for people's holiday plans. Meg Oliver finds out why shoppers may want to hit the grocery store soon to prepare for Thanksgiving, and Jill Schlesinger tells us how long we can expect to see inflated prices.
U.S. inflation hits 31-year high
The Labor Department said inflation has hit a 31-year high, with prices rising at more than double the rate seen in recent decades. This comes as supply shortages continue across the country. Nancy Cordes reports from the White House.
Grocery stores facing shortages again
New federal inflation data shows consumer prices soared over the last year, affecting everything from gas to food. Inflation rose 7% since December 2020 — the fastest in nearly 40 years. Many shoppers are also noticing empty shelves at their grocery stores, due to severe weather and rising COVID-19 cases. Scott MacFarlane reports from Bethesda, Maryland.
Biden's State of the Union agenda
President Biden will deliver his first State of the Union address on Tuesday. Amid falling poll ratings, he plans on tackling U.S. inflation rates, federal minimum wage and the Russia conflict in Ukraine. Ed O'Keefe has a preview.
Biden responds to record inflation
On Thursday, the Labor Department reported average consumer prices are up 7.5% over the last year — the highest in 40 years. Senior White House correspondent Ed O'Keefe has President Biden's response and more on when Americans can expect some relief.
Analysis: Biden's first year in office
Thursday marks President Biden's first year in office. CBS News political contributor Joel Payne and Steve Hayes, co-founder, CEO and editor of The Dispatch, share their analysis on how the president is doing and what Republicans and Democrats need to do this year to tackle their agendas.
3/13: Kuleba, Georgieva, El-Erian
This week on "Face the Nation," we have the latest updates on the war in Ukraine as we hit day 18 of Russia’s invasion. We'll have the latest reporting from Ukraine and hear from its foreign minister, Dmytro Kuleba. Plus, we'll ask White House national security adviser Jake Sullivan what our options are at this critical time.
Gas prices rise as workers return to office
Gas prices are hitting records just as many Americans are returning to the office. CBS News congressional correspondent Scott MacFarlane joins Tony Dokoupil to discuss the economic and political fallout.
El-Erian: Fed has "no good policy options"
Mohamed El-Erian, the chief economic adviser for Allianz, says the Federal Reserve can either raise interest rates and risk a recession, or allow inflation to continue to rise.
Macy's CEO on holiday retail landscape
Macy's CEO Jeff Gennette joins "CBS Mornings" to discuss the impact of staffing shortages, inflation and supply chain problems this holiday shopping season.
Economic fallout from pandemic continues
Some businesses have not been able to recover from the early days of the pandemic. Pandemic-related supply chain issues and inflation remain the top issues hurting industries. Finance reporter for the Wall Street Journal Liz Hoffman joined CBS News' Lana Zak to discuss.
Uber adding surcharge amid record high gas prices
Uber will add a temporary surcharge of 45 or 55 cents per ride as gas prices nationwide hit a new record high. Gas is averaging $4.33 a gallon, up by almost 50 cents since last week.
"Uncomfortably high" inflation likely ahead this year: Yellen
Consumers could see the cost of food climb in addition to the spike in gas prices driven by the Russia-Ukraine crisis.
Americans are paying dearly for gas as prices reach fresh highs
A day after gas prices reached an all-time high, fuel costs jumped to a new record. Americans are feeling the pain.
Rent prices soar amid record inflation
Rent prices are soaring for apartments across the U.S., but especially in South Florida. Some residents are now facing homelessness. Nancy Chen takes a look.
Monthly rents skyrocket amid record inflation: "It's impossible to prepare for"
Inflation is causing prices to increase across the board, especially monthly rent — which soared nearly 20% last year in the U.S.
Rising gas prices cause economic ripple effect
The war in Ukraine continues to push fuel prices across the U.S. to record highs. The national average jumped 8 cents overnight to $4.25 a gallon -- 60 cents higher than last week. Errol Barnett reports.
Corporations accused of unfairly increasing prices
Food prices, especially the cost of meat, are on the rise -- with corporations citing the pandemic and inflation. But, corporate greed may also be a major factor in the price hike. Manuel Bojorquez investigates.
U.S. stocks drop, oil prices surge as Russian invasion escalates
U.S. stocks are continuing to drop over tensions in Ukraine, as rising oil prices disrupt global markets. Dion Rabouin, a reporter for The Wall Street Journal, joins CBS News to discuss the impact on the nation's economy.
The hit to your wallet from higher gas prices: $2,000 a year
Already slammed with the highest inflation in 40 years, some consumers say they'll cut back amid rising gas prices.
Unemployment hits pandemic low as inflation rises
Worries about the war in Ukraine sent stocks into a tailspin, despite a blockbuster jobs report. Meanwhile, gas prices are rising at a rate not seen since Hurricane Katrina in 2005. Carter Evans takes a look.
U.S. adds 678,000 jobs in February
Numbers released Friday show major job growth nationwide as COVID cases fall and states roll back restrictions. According to the Department of Labor, U.S. employers added 678,000 jobs in February, and the unemployment rate fell from 4% to 3.8%. Barclays chief U.S. economist Michael Gapen joined CBS News's Vladimir Duthiers and Anne-Marie Green to discuss the numbers.
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CBS News poll finds Democrats maintain House advantage amid concern about prices
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