Rising grocery prices could lead to shrinkflation, food industry analyst says
Overall grocery prices in August 2025 rose 2.7% compared to one year ago, according to the U.S. Bureau of Labor Statistics Consumer Price Index.
Inflation
Expert breaks down grocery price increases
Food prices started rising rapidly during COVID-19. Since then, food inflation has slowed, but prices are still going up. Jo Ling Kent reports.
How the interest rate impacts Americans
The Federal Reserve's latest decision to implement a cut to its benchmark interest rate comes after lagging job growth. Allie Kelly, a reporter for Business Insider, joins CBS News with more on the impact on America's economy.
Fed signals two more rate cuts in 2025
The Federal Reserve lowered interest rates by 0.25 percentage points on Wednesday, marking the first cut of 2025. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Why signs are pointing to a Fed rate cut
A Federal Reserve decision on U.S. interest rates is set to come on Wednesday afternoon. Officials are largely expected to lower rates for the first time in 2025. CBS News MoneyWatch correspondent Kelly O'Grady explains why.
Inflation fuels falling consumer sentiment
New data shows Americans are feeling increasingly concerned about the state of the economy. A survey reveals that consumer sentiment fell in September for the second consecutive month. CBS News senior business and technology correspondent Jo Ling Kent has more.
U.S. inflation rose in August. Here's why.
The latest Consumer Price Index numbers show inflation is rising while jobless claims hit their highest level in nearly four years. CBS News MoneyWatch correspondent Kelly O'Grady explains what to know.
The most striking figures in new inflation data
The latest Consumer Price Index shows overall prices rose by nearly 3% on an annual basis last month. There were more warning signs about the labor market. Kelly O'Grady explains.
Breaking down the latest inflation numbers
New data from the Labor Department shows that inflation ticked up last month with the consumer price index rising by nearly 3% in August compared to the year before. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Social Security COLA could increase 2.7% in 2026, new estimate shows
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
U.S. consumer inflation increase in August
The Consumer Price Index rose 2.9% in August compared to a year earlier, moving away from the Federal Reserve's 2% annual target. Jobless claims also rose to the highest level since October 2021. CBS News' Kelly O'Grady breaks it down.
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 rose at a rate of 2.9% in August as U.S. inflation ticked higher
Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.
Labor Dept watchdog launches probe into the Bureau of Labor Statistics
Internal review, which will focus on how BLS collects and reports economic data, follows claims by President Trump that the statistics bureau is politicized.
Inflation is creeping higher, putting pressure on American consumers
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
New economic data shows slight dip
The Producer Price Index fell by 0.1% in August, according to new data released Wednesday. CBS News MoneyWatch correspondent Kelly O'Grady breaks it down.
Economists' top 3 takeaways from the dismal August jobs report
Employers added far fewer jobs last month than economists had predicted, prompting some experts to reassess the economy.
Why August jobs report could be concerning
The August jobs report fell short of economists' muted expectations. The Labor Department said U.S. employers added 22,000 new jobs last month. Economists had expected a number closer to 80,000. The unemployment rate also ticked up slightly to 4.3% in August. CBS News MoneyWatch correspondent Kelly O'Grady reports.
Digging into the weak August jobs report
The U.S. economy added 22,000 non-farm jobs in August, below the 75,000 forecast by leading economists. Unemployment ticked up to 4.3%. CBS News' Jo Ling Kent reports and Justin Wolfers, an economics professor at the University of Michigan, joins "The Takeout" to discuss.
White House reacts to lousy jobs report
The White House is downplaying recent jobs data that falls short of expectations. This comes as the Federal Reserve prepares to announce a potential interest rate cut. CBS MoneyWatch correspondent Kelly O'Grady reports, and Willie James Inman has more from the Trump administration.
The government's next jobs report lands Friday. Here's what to look for.
After President Trump expressed "shock" over the pace of hiring in July, much is riding on the employment data for August.
Americans plan to spend less this holiday season, survey shows
A new survey predicts Americans will spend $1,552 per person on average, 5% less than they did in 2024.
Retailers warn cost of pantry items to rise
Some major U.S. retailers are warning that the costs of staple pantry items are expected to rise as a result of President Trump's new trade policies. Patrick Thomas, a reporter for the Wall Street Journal, joins with more details.
Dow Jones dips after new July inflation data
The Dow Jones fell on Friday after new data showed inflation remained mostly steady in July, but with some prices edging up. CBS News senior business and technology correspondent Jo Ling Kent has the details.
Biggest takeaways from the government's latest inflation data
Persistent inflation remains a pain point for consumers — and for the Federal Reserve as it weighs whether to lower interest rates.
Trump criticizes European allies in U.N. speech: "Your countries are going to hell"
President Trump addressed the United Nations General Assembly on Tuesday, the 80th anniversary of the world body.
Ryan Routh guilty in Trump assassination attempt, tries to stab himself after verdict
Ryan Routh was found guilty of all five charges, which included attempted assassination of a major presidential candidate and assaulting a federal officer.
Nexstar to continue preempting "Jimmy Kimmel Live!" after ABC return
Nexstar on Tuesday said it will monitor the late-night show as it returns to ABC tonight.
Secret Service disrupts telecom network that threatened NYC during U.N. gathering
Early analysis shows the network was used for communication between foreign governments and individuals known to U.S. law enforcement.
Bill Gates warns child deaths could rise for first time in decades
Bill Gates warns 2025 could be the first year in decades with rising child deaths, urging the U.S. to maintain global health funding as innovations.
Sean "Diddy" Combs has served enough time in prison, defense tells judge
Combs faces an Oct. 3 sentencing after his conviction by a Manhattan jury on two charges that outlaw interstate commerce related to prostitution.
"Nightmare bacteria" cases are rising in the U.S., researchers say
Government scientists say infection rates from drug-resistant "nightmare bacteria" have been increasing dramatically.
MLB approves robot umpires as part of challenge system in 2026
Human plate umpires will still call balls and strikes, but teams can challenge two calls per game and get additional appeals in extra innings.
The cost to heat your home this winter is expected to increase, study finds
Americans will pay 7.6% more to heat their homes this winter, study finds.