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Inflation may be cooling, but car insurance rates are revving up. Here's why.
Auto insurance has gone up 19.5% since June of last year, according to the latest Consumer Price Index data. The reason? Getting T-boned by inflation.
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Auto insurance has gone up 19.5% since June of last year, according to the latest Consumer Price Index data. The reason? Getting T-boned by inflation.
The latest consumer price data furthers the case for an interest rate cut by the Federal Reserve as soon as September.
These charts track the prices consumers are paying for groceries and other goods now compared to the cost five years ago, as inflation lingers.
A housing shortage in Texas and minimum wage increases elsewhere are fueling higher than average inflation in some cities.
The Federal Reserve kept its benchmark rate in a range of 5.25% to 5.5%, the same level where it's been parked since July 2023.
Key report on consumer prices comes ahead of interest-rate decision by the Federal Reserve in the afternoon.
Prices excluding food and energy rose at an annual rate of 2.8% in April as inflation eased after flaring earlier this year.
Americans who spend Memorial Day scouting sales online and in stores may find more reasons to celebrate the return of warmer weather.
Is the issue of abortion offsetting the drag on President Biden stemming from inflation nationally and immigration in a state like Arizona?
Robust corporate profits and steady U.S. economic growth are driving stocks to record highs.
The Federal Reserve wants to see more progress in quelling inflation before cutting interest rates.
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The hotter-than-expected inflation reading could cause the Federal Reserve to delay interest rate cuts, analysts said.
Discount grocery giant Aldi expects to build more stores in the Midwest, Northeast and select U.S. cities
The high cost of food both at home and in restaurants continues to be a sore spot for millions of U.S. households.
Americans can expect ebbing inflation and a strong job market this year, according to the National Association for Business Economics.
This Valentine's Day, more people may have opted for a romantic meal at home. The new U.S. inflation report shows that food prices across the board are still stubbornly high, but restaurant prices are climbing faster than grocery store prices.
U.S. Treasury Secretary Janet Yellen touted a strong economy and believes inflation is returning to normal levels while making several stops across Detroit on Wednesday, including NewLab at Michigan Central.
"Americans should feel confident that inflation will come down to levels that will no longer really be noticeable or worrisome to them," Yellen told CBS News.
Consumer prices in January rose 3.1% from a year earlier, higher than economists had forecast, as food and housing costs jumped.
Bartender Catey Regis's pricey misadventure of buying a used car recently speaks to why voters are worrying about the U.S. economy going into this year's presidential election.
Rents over the last two decades have risen much faster than employee pay, contributing to an escalating homelessness crisis in the U.S.
If faced with a sudden loss of income, more than half of Americans say they worry they wouldn't have enough savings to cover a month's living expenses.
The U.S. housing market slumped badly last year amid surging mortgage and a dearth of affordable properties, new data shows.
Workers in some jobs, including many who are self-employed, enjoyed double-digit wage gains last year. Here's who got the biggest pay bumps.
Federal lawmakers are taking a hard look at putting the plunger into the problem.
The rally on Saturday will be held in downtown Grand Rapids at Van Andel Arena and will be open to the public.
On Tuesday, Judge Margaret Van Houten gave the jury until the end of Thursday to reach a unanimous decision.
Nicholas Mui of Grand Haven pleaded guilty on Monday to one count of conducting a criminal enterprise.
President Biden is considering proposals to reform the Supreme Court, CBS News has learned.
The rally on Saturday will be held in downtown Grand Rapids at Van Andel Arena and will be open to the public.
On Tuesday, Judge Margaret Van Houten gave the jury until the end of Thursday to reach a unanimous decision.
Nicholas Mui of Grand Haven pleaded guilty on Monday to one count of conducting a criminal enterprise.
President Biden is considering proposals to reform the Supreme Court, CBS News has learned.
Two Metro Detroit men have been charged in connection with the fatal shooting of a Detroit man in Melvindale, the Wayne County Prosecutor's Office announced Tuesday.
The Biden administration is awarding $1.7 billion to 11 "shuttered or at-risk" facilities in Michigan, Ohio, Pennsylvania, Georgia, Illinois, Indiana, Maryland and Virginia, to bolster electric vehicle production.
Throughout the next year, dozens of new zero-emission buses will be hitting the pavement in the city of Detroit, all thanks to a $30.8 million federal grant.
The company said the temporary layoffs will impact about 1,600 workers for the month of July.
American automakers are pushing back against a federal safety ruling that involves automatic emergency braking technology in new cars.
Dearborn Village Ford general sales manager Jay Sturtz says they're resorting to good old-fashioned pen and paper while they wait for CDK to come back online.
"Big Brother" announced Tuesday the 16 new Houseguests who will move into the "Big Brother" house and, for the first time ever, have the power to vote in a 17th houseguest.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Shannen Doherty had been battling cancer since 2015.
Richard Simmons devoted his life to making people sweat with his "Sweatin' to the Oldies" workout videos.
Judge Mary Marlowe Sommer dismissed the case with prejudice based on the misconduct of police and prosecutors.
President Biden is considering proposals to reform the Supreme Court, CBS News has learned.
A larger stock of smaller homes could mean more budget-friendly options for buyers.
Sen. Bob Menendez tried to shift the blame to his wife, Nadine Menendez, but was found guilty on all 16 felony counts for a scheme involving bribery and business favors.
After many people criticized Andress' rendition of the National Anthem online, comparing her with Fergie, the singer says she's going to rehab.
Social Security is counting on its Login.gov service to shrink lengthy wait times for people who need to call the agency.
Rite Aid, which has already closed hundreds of stores, is shutting more locations in Michigan and Ohio.
Trinity Health's virtual nursing program uses teamwork and technology so bedside nurses can focus on what matters most: being there in person for patients.
Nationwide, the CDC says the COVID virus level in wastewater is now "high" for the first time since last winter.
A 39-year-old Michigan man has filed a lawsuit saying he lost his toes because he received delayed medical care while he was in custody.
Tahjana Lewis suffered burns to her chest, arms and legs, according to a recent lawsuit the Connecticut woman filed.
Joe "Jellybean" Bryant, a former Philadelphia 76ers and La Salle University basketball great and the father of the late, NBA legend Kobe Bryant, has died. He was 69.
The Detroit Lions will induct Hall of Fame wide receiver Calvin Johnson into the Pride of the Lions during the 2024 season.
Paris 2024 Summer Games organizers hope Olympic flame's glitzy arrival in the City of Light can help cast off shadow of low local enthusiasm.
Argentina won its second straight Copa America championship, overcoming Lionel Messi's second-half leg injury to beat Colombia 1-0 on Lautaro Martínez's 112th-minute goal.
Yohan Ramírez had two consecutive errors in the ninth inning, paving the way for the Detroit Tigers to beat the Los Angeles Dodgers 4-3 on Sunday for their second straight comeback win over the NL West leaders.
Gardner-White is a 112-year-old family-owned furniture retailer, and Stewart is the first female to serve as CEO of the company.
It's a focus on our physical well-being as we talk about the importance of oral health and its impact, particularly among children.
U.S. Energy Secretary Jennifer Granholm and U.S. Transportation Secretary Pete Buttigieg appear on CBS Detroit's Michigan Matters this Sunday.
The University of Michigan's Ross School of Business is celebrating its 100th anniversary this year.
The three top elected county leaders essentially run the Metro Detroit region.
Michigan is on the forefront of a national push to police plumbing, by passing a law that requires manufacturers of moistened wipes to place labels on their products warning "Do Not Flush."
Former President Donald Trump and his recently named running mate, Ohio Sen. JD Vance, will be coming to Michigan this weekend for their first rally together. It is also the first Trump rally since the assassination attempt in Pennsylvania last Saturday.
After an alternate juror was introduced Monday in the Samantha Woll murder trial, and the jury remained deadlocked Tuesday after four days of deliberation, former federal prosecutor Richard Convertino says he believes there will be a not-guilty decision made.
Republican strategist Jamie Roe and Democratic strategist Greg Bowen discuss Ohio Sen. JD Vance being named the Republican vice presidential nominee.
This past weekend, Detroit police responded to close to 80 illegal block parties, clearing out crowds and confiscating illegal weapons.