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Government shutdown likely means there will be no inflation report next month for the first time in more than seven decades white House said while leaving on Friday wall Street and this federal Reserve Without important information about consumer prices.
“Since pollsters cannot be deployed in the field, the White House finds that inflation is likely not to be released next month for the first time in history,” trump the administration said in an email.
Some inflation data is collected electronically, but most is collected in person by government employees who visit stores across the country. The Bureau of Labor Statistics, which produces the inflation report, has already reduced the data it collects each month as the Trump administration’s hiring freeze has left some cities without pollsters.
The announcement Friday followed the release of inflation data for September that showed prices rose, but less than many economists expected. The report, which was delayed nine days from its originally scheduled release, was based on data collected before the shutdown began on October 1.
In previous shutdowns the consumer price index – the government’s key inflation measure – was compiled based on partial data. But even gathering that level of information may be too late. labor department Said.