High temperatures projected across the U.S. summer could take a toll on Americans’ budgets by driving up the price of keeping homes cool. Home electricity bills are expected to rise to an average of $784 for the summer period, up more than 6% from $737 in 2024 and marking a 12-year record, according a new […]
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 […]
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 […]
Washington governor signs rent-control bill into law
Washington state Gov. Bob Ferguson signed a bill into law Wednesday that sets limits on rent increases, making the state among the first in the nation to provide protections for tenants. The rent stabilization measure, House Bill 1217, adds Washington to states like Oregon and California that have sought new ways to curb homelessness. Bill […]