Fort Worth, Texas — The dinner shopping list for Darlowe Torkelson and his wife was short. At today’s prices, it consisted of just one sirloin steak and one potato. Torkelson of Argyle, Texas, told CBS News his family doesn’t yet know the upper limit of what they are willing to pay for certain groceries. “I […]
Consumer confidence falls to lowest level in 3 years amid inflation fears, U. of Michigan index shows
Consumer sentiment in the U.S. edged down in May for a fifth straight month as Americans increasingly worry that President Trump’s trade war will worsen inflation. The preliminary reading of the University of Michigan’s closely watched consumer sentiment index, released Friday, declined 2.7% on a monthly basis to 50.8, the lowest reading since July 2022. Since […]
Kroger overcharges customers for items marked as being on sale, Consumer Reports finds
Kroger shoppers might be paying more at checkout than they bargained for. A new investigation found price tag errors at the supermarket giant’s stores leading to customers being overcharged on many items marked as discounted or on sale. Expired discount tags were found on everyday products ranging from Cheerios cereal to Nescafé instant coffee, according to […]
CBS News price tracker shows how much food, gas, utility and housing costs are rising
Prices may still rise despite tariff reversal Despite tariff reversal, some prices could still increase. Here’s why. 01:53 As consumers cope with lingering cost-of-living pressures and the potential impact of tariffs, CBS News is tracking the change in prices of everyday household expenses — from food to utilities and rent. Drawing from a range of […]
Inflation rose by 2.3% in April, CPI report shows. Here’s what the data means.
The Consumer Price Index in April rose 2.3% on an annual basis, signaling that price hikes remain above the Federal Reserve’s goal of bringing down inflation to a 2% rate. By the numbers The CPI was forecast to rise 2.4% last month, according to economists polled by financial data firm FactSet. The CPI, a basket of goods […]