Government shutdown likely means no inflation data next month for 1st time in decades
The White House said the October inflation report may not be released for the first time in over 70 years due to the government shutdown halting data collection.
- The government shutdown likely means there won't be an inflation report next month for the first time in more than seven decades, according to the White House.
- Much of the inflation data is gathered in person by government employees who visit stores across the country, but they cannot deploy during the shutdown.
- In past shutdowns, the consumer price index was compiled based on partial data, but it may be too late to gather even that level of information this time, according to the Labor Department.
62 Articles
62 Articles
What happens when no one trusts a country’s economic data
The inflation report was delayed due to the government shutdown and the White House said there will likely be no report next month. But even before the shutdown, experts were sounding the alarm after President Trump fired the head of the Bureau of Labor Statistics, expressing anger about employment numbers. William Brangham reports on lessons from nations where trust in government data was lost.
White House warns inflation data won't be released after report shows costs rising
This month's inflation report arrived 10 days late due to the government shutdown showing the Consumer Price Index rose slightly, but next month the data may not be released at all.The CPI rose 3 percent in September compared to the same time last year, the fastest annual pace all year, but a White ...
Inflation data unlikely to be released next month, White House says
(NewsNation) — The White House says there likely won't be an inflation report released next month due to the ongoing government shutdown. The funding lapse is preventing surveyors from deploying to the field, which is "depriving us of critical data," the White House wrote on X. Officials said it would mark the "first time in history" that the information isn't released, warning the economic fallout "could be devastating." September's inflation r…
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