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CPI report shows inflation cooled in January, with prices rising at a 2.4% annual pace
6+ mon, 3+ week ago (711+ words) Updated on: February 13, 2026 / 12:02 PM EST / CBS News The Consumer Price Index rose 2.4% in January from a year ago, below economists' forecasts and a sign that price pressures across the U.S. are easing. The CPI was expected to rise 2.5% on an annual…...
Why consumer prices jumped in May
3+ mon, 2+ day ago (54+ words) 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…...
What caused inflation to soar to its highest point in 3 years?
3+ mon, 2+ day ago (40+ words) 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. What caused inflation to soar to its highest point in 3 years?...
CPI report shows inflation rose at a 2.7% annual pace in November, cooler than expected
8+ mon, 3+ week ago (761+ words) Updated on: December 19, 2025 / 4:13 PM EST / CBS News The Consumer Price Index rose at an annual rate of 2.7% in November, cooler than economists had forecast and a sign that price pressures may be easing. The CPI was expected to rise 3% on…...
Wholesale turkey prices soar ahead of Thanksgiving. Here's what's behind the surge.
10+ mon, 2+ day ago (512+ words) Updated on: November 11, 2025 / 8:21 AM EST / CBS News Turkeys aren't known for flying but their prices are soaring ahead of the Thanksgiving holiday. A September outlook report from the United States Agriculture Department estimates that wholesale prices for frozen turkeys will…...
Federal Reserve holds interest rates steady as Chair Powell's term nears end
4+ mon, 1+ week ago (42+ words) The Federal Reserve held its benchmark interest rate steady on Wednesday as the U.S. economy continues to grapple with rising inflation. CBS News MoneyWatch correspondent Kelly O'Grady has more. Federal Reserve holds interest rates steady as Chair Powell's term nears end...
Trump officials predict a 2026 economic boom. Here's what experts say.
7+ mon, 3+ week ago (783+ words) Updated on: January 22, 2026 / 11:25 AM EST / CBS News Senior Trump administration officials are forecasting a boom for the U.S. economy in 2026, driven by Federal Reserve interest rate cuts and historically large tax refunds. "This quarter — the first quarter of 2026 — the United States…...
Why eating out in Houston is getting more expensive as restaurant costs climb
5+ mon, 2+ day ago (645+ words) HOUSTON – Eating out in Houston is getting more expensive, faster than most major U.S. cities. Restaurant prices are up about 4.6% this year, according to industry data, putting added pressure on both consumers and business owners. But despite rising costs, local…...
Rising costs for food, labor, credit card swipe fees threaten Texas restaurants
5+ mon, 3+ day ago (395+ words) Half of all Texas restaurant operators failed to earn a profit last year, according to data tracked by the National Restaurant Association. Texas restaurants are facing serious economic headwinds. According to data tracked by the National Restaurant Association, 50% of Texas…...
Here's what the Trump administration has done to lower oil and gas prices. Is it working?
5+ mon, 3+ week ago (1299+ words) March 20, 2026 / 3:07 PM EDT / CBS News Although the Trump administration is pulling multiple levers to tame energy costs amid the widening Iran war, the average price of gasoline in the U.S. on Friday neared $4 a gallon, raising questions about whether those efforts…...