Wholesale prices jump, adding to inflation woes for consumers
The cost of producing food, energy and many other goods has surged nearly 10% from a year ago, new data shows.
Inflation
Markets take a hit as inflation rises
Financial markets dropped after this morning's Consumer Price Index report indicated a larger-than-expected rise in inflation. Steve Odland, CEO of The Conference Board and former CEO of Office Depot and AutoZone, joins CBS News' Tanya Rivero and Nikki Battiste to discuss inflation rates as well as the results of The Conference Board's latest survey of CEO confidence.
San Francisco Fed chief backs "measured" interest rate hike
Mary Daly, the president and CEO of the Federal Reserve Bank of San Francisco, says "the most important thing is to be measured in our pace and, importantly, data dependent" when it comes to increasing interest rates to fight inflation.
Streaming price hikes leaves cord cutters confused
On trend with general inflation, rising prices of entertainment streaming services have now burned those who ditched cable hoping to save money. Lilia Luciano has more.
Consumer prices surge as inflation hits 40-year high
Inflation soared to its highest level in 40 years, according to the Labor Department, as prices rose by 7.5% compared to one year ago. The surge was driven in part by an increase in gas prices. Nancy Cordes has the latest.
Biden faces concerns about rising inflation
President Biden is confronting a major economic challenge as inflation continues to rise. Meanwhile, the White House is looking to reallocate Afghan funds to help people in Afghanistan and 9/11 victims. CBS News senior White House and political correspondent Ed O'Keefe breaks down the latest news out of Washington.
Inflation hits highest level in 40 years
The Consumer Price Index climbed 0.6% in January, meaning the average cost of goods is up 7.5% since the same time last year. Meantime, first-time jobless claims fell for a third straight week. CBS News senior White House and political correspondent Ed O'Keefe has more on how the Biden administration is handling the latest economic news.
MoneyWatch: Wedding cost woes
Certain cities are getting more expensive to live in as inflation rises. Americans are spending big this Valentine's Day. And CBS MoneyWatch reporter Megan Cerullo joins "CBS News Mornings" to explain why 2022 weddings are costing couples more money.
Face The Nation: Murphy, Kinzinger, Daly
Missed the second half of the show? The latest on governors lifting their states' COVID-19 mask mandates, the January 6 Committee and the Fed's battle with inflation.
Chipotle plans to hike menu prices again, citing inflation
Restaurant chain is paying more for beef, avocados and freight — and passing those costs on to consumers.
U.S. inflation in January surged at fastest rate in 40 years
Consumer prices have surged 7.5% over the last year as higher fuel, food and shelter costs put the squeeze on consumers.
Despite soaring inflation, some things are getting cheaper
Consumer prices are rising at their fastest clip in decades, but a handful of products have gotten less expensive.
Giving flowers or chocolate for Valentine's Day? Prepare to pay more.
Inflation and supply-chain problems are making it more expensive to show your love this year.
Starbucks to raise prices for the third time since October
Prices at fast-food restaurants jumped 8% last year. But corporate profits are also getting a bump through higher menu charges.
Inflation has more Americans in line at food banks
Hunger-relief groups also are paying more for milk, eggs and other staples needed by families who can't afford them.
Key inflation gauge surged 5.8% in 2021 — most in 39 years
Consumer prices and employer costs are rising at their fastest pace in decades, as Fed moves to douse inflation.
Interest rates are set to rise. Here's how that will affect consumers.
Americans will soon face a double whammy: high inflation combined with pricier loans and credit card debt.
Fed appears poised for rate increase in March
Federal Reserve Chairman Jerome Powell said decisions on how often and by how much the rate increases this year have not been made.
Stocks rebound after entering "correction" territory
Markets tumbled in early trade amid mounting concerns about rising U.S. inflation and conflict between Russia and Ukraine.
Live
Trump to speak as Hamas releases last living Israeli hostages in Gaza
President Trump is to address Israeli lawmakers as Hamas hands over the final 13 living hostages under the Gaza peace deal brokered by the U.S. leader.
Government shutdown continues as Smithsonian museums, National Zoo temporarily close
The government shutdown entered its 12th day on Sunday as Republicans and Democrats remain at an impasse over a spending plan, and the Trump administration began laying off thousands of federal workers.
China's capacity to hack the U.S. is growing, former NSA head says
Recently retired Gen. Tim Haugh warns that China is hacking America's computer systems – targeting water, infrastructure and telecommunications. He says China's capacity for targeting the U.S. is growing.
Ousted NSA head Gen. Tim Haugh on his firing
In his first television interview since his firing, Gen. Tim Haugh discusses his termination by the Trump administration.
Coral reefs are first environmental system to pass climate "tipping point"
Crucial for marine life and the global economy, coral reefs are the planet's first major environmental system to cross a climate "tipping point" as the world warms.
Justice Anthony Kennedy on the Supreme Court today
The former justice who was the deciding vote on some of the Supreme Court's most consequential decisions talks about the Court today, and about his memoir, "Life, Law & Liberty."
Vance accuses Democrats of "hostage-taking" with government shutdown posture
Democratic leaders in Congress have pushed for serious negotiations with Republican leaders and the White House to end the stalemate.
Diane Keaton, star of "Annie Hall" and "Father of the Bride," dies at 79
Diane Keaton had a decades-long career with performances in 1977's "Annie Hall," the "The Godfather" films, and many more.
Alaska hit by severe flooding that carries away homes
Alaska State Troopers said it received reports of "at least eight homes being pushed from their foundations."