CPI rose at an annual rate of 2.4% in January, cooler than expected
Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
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Inflation came in below economists' forecasts and slowed from December's 2.7% annual rate.
These charts track prices consumers pay for groceries and other goods now compared to five years ago.
The Federal Reserve is grappling with economic issues including higher inflation and a slowing labor market.
Those prioritizing economy say Trump is not spending enough time on it, as ratings of economy, his handling of inflation slip.
Although grocery prices have continued to climb in 2025, a Thanksgiving dinner will cost 2% to 3% less this year, one analysis found.
Social Security's annual cost-of-living adjustment is aimed at helping the program's 75 million beneficiaries keep pace with inflation.
The National Restaurant Association says menu prices for U.S. restaurants would need to increase by 30.3% just to maintain a thin profit margin of 5% under the current economic conditions.
Citing the shutdown, the Social Security Administration postponed its announcement of the annual payment bump beneficiaries will receive in 2026.
A 2.7% COLA increase would raise the average monthly Social Security payment by about $54.
Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.
The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.
Prices rose at an annual pace of 2.6% in July, the same rate as the previous month and in line with economist forecasts.
The inflation rate was cooler than expected, with July's CPI rising 2.7% on an annual basis.
CBS News is tracking the rising cost of products most impacted by tariffs already imposed and new ones announced by President Trump, from grocery items to cars and trucks.
Hiring across the U.S. was weaker than expected in July, a sign the labor market is shifting into lower gear.
The Consumer Price Index in June rose 2.7% on an annual basis, in line with economists' predictions.
Weakening consumer confidence and mounting uncertainty could hit spending, economists warn.
The CPI report was cooler than expected, although inflation is still higher than the Federal Reserve's 2% annual goal.
Inflation cooled in March, but economists expect prices to reaccelerate as some of President Trump's tariffs kick in.
The Postal Service contends, as it did last year before a similar increase, that the price hike is needed to achieve financial stability.
Wall Street skidded on Friday amid higher-than-expected inflation data and fears about the impact of President Trump's tariffs.
U.S. stocks continue to flail as investors grapple with impact of Trump administration trade war and signs of economic slowdown.
The inflation rate last month was slightly lower than forecast by economists, although price increases are still higher than the Fed would like.
The bird flu is still wiping out poultry flocks, leading to supply shortages. Here's when egg prices could come down, experts say.
Consumers are likely to face higher costs for some imported goods, experts say. Here's the potential impact on your wallet.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
A tentative agreement has been reached between the San Francisco Unified School District and the United Educators of San Francisco, both sides announced Friday, ending a teachers' strike that began earlier this week.
Travis Kelce is playing in the AT&T Pebble Beach Pro-am, and there was a spike on ticket sales.
California Gov. Gavin Newsom has taken his anti-Trump routine to Europe.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
A tentative agreement has been reached between the San Francisco Unified School District and the United Educators of San Francisco, both sides announced Friday, ending a teachers' strike that began earlier this week.
Travis Kelce is playing in the AT&T Pebble Beach Pro-am, and there was a spike on ticket sales.
California Gov. Gavin Newsom has taken his anti-Trump routine to Europe.
A tentative agreement has been reached between the San Francisco Unified School District and the United Educators of San Francisco, both sides announced Friday, ending a teachers' strike that began earlier this week.
One man and two teenagers were arrested following a shooting at an apartment building in Redwood City on Thursday evening, police said.
Police in San Francisco announced that a teenage suspect has been arrested in connection with a mass shooting in the Richmond District near Ocean Beach late last year.
Schools in the San Francisco Unified School District will remain closed for a fifth straight day on Friday, as the teachers' strike continues without a labor deal.
Parents held a virtual roundtable to talk about the ongoing strike in the San Francisco Unified School District.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
About 300 pounds of processed marijuana was discovered by San Leandro police, leading to an arrest on Wednesday, authorities said.
A former member of the San Leandro City Council pled guilty in a corruption case that has ties to former Oakland Mayor Sheng Thao, federal prosecutors said.
The Alameda County Sheriff's Office said they received a call from a person claiming to have a firearm around 3:20 Monday morning. When deputies arrived, they say a person exited the home on Selborne Drive and presented an immediate threat to deputies. Two deputies shot at him, and he died from his injuries.
Some prospective tenants said they are still without housing and have been cut off from all help because they are officially listed in the county's computer as "permanently housed" at the Phoenix Apartments.
A man who attempted to rob a bank in San Jose was arrested after investigators used automated license plate reader cameras to locate the suspect vehicle, police said.
The Cupertino City Council voted 3-2 in favor of a unique affordable housing project that will also reserve units for those with intellectual and developmental disabilities (IDD).
A San Jose shop owner has discovered that for the unhoused, a bicycle isn't just a reliable way of getting around; it can be a lifeline for a fresh start.
An assistant principal at a San Jose middle school was among a group of people arrested during a police operation targeting adults seeking minors online to engage in sexual activity, authorities announced on Wednesday.
Authorities on the Central Coast have recovered a body after a car plunged several hundred feet off Highway 1 in Big Sur Tuesday afternoon.
Several people were injured after a driver plowed into a grocery store in Santa Rosa on Friday, authorities said.
A Sonoma County man has been arrested on multiple weapons charges after police seized more than 150 firearms from two homes as part of an investigation into the illegal manufacturing of guns.
One of the suggestions is the complete renovation of the Canal District shoreline, removing about 550 existing homes and raising the land high enough to safely redevelop on top of it. It is projected to cost nearly $2 billion.
A bank employee was among three people arrested in a series of armed home invasion robberies in Marin County of people who had withdrawn large amounts of cash, authorities said.
A man who was arrested on child sexual abuse charges in Illinois is facing additional charges in the San Francisco Bay Area in connection with the alleged sexual assault of a child, police said.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
Travis Kelce is playing in the AT&T Pebble Beach Pro-am, and there was a spike on ticket sales.
Chris Paul made the announcement ahead of the NBA's All-Star weekend at the home of the Los Angeles Clippers in Inglewood.
Ryo Hisatsune is the leader at the AT&T Pebble Beach Pro-Am with a 62 at Pebble Beach.
Tony Vitello walked up the dugout stairs to meet with reporters about 15 minutes later than expected because of a team meeting that went longer than planned.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
A man who attempted to rob a bank in San Jose was arrested after investigators used automated license plate reader cameras to locate the suspect vehicle, police said.
One man and two teenagers were arrested following a shooting at an apartment building in Redwood City on Thursday evening, police said.
President Trump pardoned five former NFL players - one posthumously - for crimes ranging from perjury to drug trafficking.
About 300 pounds of processed marijuana was discovered by San Leandro police, leading to an arrest on Wednesday, authorities said.
The costs of cybercrimes are more than financial; the scams are taking a far darker turn thanks to AI.
Amazon's Ring unit touted a "search party" service in its Super Bowl ad, but one critic called the app a "surveillance nightmare."
The Federal Trade Commission sent a letter to Tim Cook one day after President Trump circulated a report raising questions about Apple News' practices.
The family believes the outcome of the trial can lead to significant changes within the social media industry and help other families become even more aware of what they say are deadly devices in the hands of children.
The social media platform changed its privacy policy last month, inviting users to allow it to track their specific location.
Health officials in the East Bay said a man has died from consuming toxic wild mushrooms, amid an ongoing spike in mushroom-related poisonings throughout California.
Health officials in Napa County confirmed Wednesday that a child has been diagnosed with measles in the county's first case in nearly 15 years.
Over the years, Dr. Rachel Forer has found plenty of ways to take the sting out of going to the dentist. But no matter how hard she tried, fear had a way of creeping in.
Officials in San Mateo County are the latest in the Bay Area to warn residents to not forage for wild mushrooms, amid a rise in mushroom poisonings that have led to illnesses and even deaths.
The Bay Area's Spare the Air alert has been extended to at least Saturday as a high-pressure system is expected to hang around and impact air quality.
California Gov. Gavin Newsom has taken his anti-Trump routine to Europe.
Sultan Ahmed bin Sulayem, CEO and chairman of Dubai's DP World, appears in the Epstein files more than 4,700 times, according to the Justice Dept.
President Trump pardoned five former NFL players - one posthumously - for crimes ranging from perjury to drug trafficking.
California Gov. Gavin Newsom fired back immediately, vowing to take this matter to court. So has Earth Justice, one of the leading environmental law nonprofits in the country.
A judge dismissed charges against two men charged with assaulting ICE officers after the Justice Department said "newly discovered evidence" was "materially inconsistent" with the allegations.
After more than two years of renovations, the historic Castro Theatre is back open for business.
A large Pride flag has been removed from the Stonewall National Monument in Greenwich Village. The National Park Service said it did so under guidance from the federal government.
The billionaire and philanthropist MacKenzie Scott donated $45 million to The Trevor Project, a nonprofit focused on suicide prevention and advocacy for LGBTQ young people.
Oasis nightclub announced plans to close six months ago. New Year's Eve was slated for the final performance. A last-minute, multi-million dollar donation turned the final curtain call into an encore performance.
A 16-year FBI employee has filed a lawsuit alleging he was fired last month because he had a Pride flag displayed near his desk.
Bay Area rap legend and entrepreneur E-40 announced Friday that he has joined the ownership group of the Oakland Roots and Soul Sports Club.
Travis Kelce is playing in the AT&T Pebble Beach Pro-am, and there was a spike on ticket sales.
"Dawson's Creek" and "Varsity Blues" star James Van Der Beek has died at 48 years old.
After more than two years of renovations, the historic Castro Theatre is back open for business.
The bushes that surrounded global superstar Bad Bunny during his record-breaking Super Bowl halftime performance at Levi's Stadium were indeed people in costume, and three Bay Area friends participated together after answering a vague casting call.
Ever since the COVID-19 pandemic, the Oakland Unified School District has seen an alarming spike in the number of unhoused students in the school system who deal with a host of challenges far beyond what most children face.
Meteorologist and CBS News Bay Area's resident pilot Lt. Jessica Burch got a treat during Fleet Week, taking to the skies with one of the Blue Angels.
A Bay Area man discovered his devastating loss left him with a new opportunity to rethink how he lives -- follow his journey in virtual reality, 360-degree video.
A groundbreaking medical study involving the UCSF Medical Center has shown some colorectal cancer patients can safely skip radiation treatment and enjoy a potentially higher quality of life.
Every day, San Francisco bar pilot Captain Zach Kellerman goes through what might just be the world's most dangerous commute.
Meteorologist Darren Peck says long-range models show rain beginning this weekend and lasting through Wednesday and Thursday.
The Nancy Guthrie kidnapping case and the demand for bitcoin ransom have highlighted the prevalence of cyber crimes, including a scam that uses AI to replicate people's voices. Elizabeth Cook reports.
The Bay Area Ridge Trail, which connects nine Bay Area counties, stretches for hundreds of miles but contains large gaps. New legislation could designate the trail as a national scenic trail and would help complete it. Kara St. Cyr reports.
A tentative agreement between the San Francisco Unified School District and the United Educators of San Francisco was reached, both sides announced Friday. Brad Hamilton reports.
Several people were injured after a driver crashed through the front of a grocery store in Santa Rosa on Friday. Kenny Choi reports.
In 2025, KPIX is moving to a new community service award: the CBS News Bay Area Icon Award. Submit nominations for an outstanding community hero at kpix.com/icon.
It's the most wonderful time of the year for a South Bay woman who has played Mrs. Claus for more than 40 years for the children of North San Jose's Alviso District.
For residents of the Oakland Hills, the prospect of another wildfire always remains a concern. This week's Jefferson Awards winner has made it his mission to make the hills and other high-risk areas safer.
In East Palo Alto -- where state education numbers show more than nine in ten public school students are low income and more than half are English learners -- many are finding hope and connection at the Boys & Girls Clubs of the Peninsula.
This week's Jefferson Award winner is Army veteran who continues to live a life of service into his 80s, by feeding hundreds of San Francisco families a week.
A Bay Area man who overcame tremendous obstacles to excel in school has made it his mission to gear up other students for success in the classroom and in life.
For Students Rising Above scholar Josh Collins it took moving across the country to realize the value of his Bay Area family.
Samir Hooker had to grow up fast after his stepfather was shot dead 12 years ago. Now he is watching over his mom and sister while attending UC Berkeley.
It's hard enough to graduate from one of the most prestigious schools in the country when you're the first in your family to go to college. Imagine doing that while you're also trying to protect your parents from being deported?
Some students who are the first in their families to go to college face the challenge of balancing a rigorous academic load while still working to help support their family back home.