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- White House press secretary Karoline Leavitt said there will likely be no report on inflation next month.The absence of the report may impact the Federal Reserve's ability to make rate decisions.The inflation report would be another data release put on pause amid an ongoing government shutdown.
The new inflation report will probably be the last for a while — and it could leave markets and Americans in the dark about how much prices are rising.
"Democrats choosing to keep the government closed will likely result in no October inflation report, which will leave businesses, markets, families, and the Federal Reserve in disarray," Karoline Leavitt, the White House press secretary, said on X following the release of September's consumer price index report Friday morning.
That would make the consumer price index report yet another casualty of the ongoing government shutdown, which has left thousands of federal workers working without pay or furloughed entirely since October 1, and federal agencies — like the Bureau of Labor Statistics — operating with skeleton crews.
The CPI report is based largely on ongoing data collection that the BLS typically does, sending out federal workers to check on around 80,000 prices a month in businesses across the country to measure how much everything from apartment rents to coffee to sewing machines costs. Those workers are all sitting idle as the shutdown drags on, hampering the Bureau's ability to report on those price changes.
"All active data collection activities are paused while the government is shut down," a BLS spokesperson said. "Once funding is restored, BLS will resume normal operations and notify the public of any changes to the news release schedule on the BLS release calendar."
September's CPI report was already released on a delay; it was initially scheduled for October 15, but the ongoing government shutdown meant the Bureau of Labor Statistics hadn't been able to perform all of its operations. BLS said in Friday's release that "September CPI data collection was completed before the lapse in appropriations."
The report showed that CPI rose 3% over the year, the same rate as the start of the year and just short of the 3.1% forecast.
On October 10, the BLS said it had rescheduled the report for October 24, in part so that it could provide necessary data for the annual Social Security cost-of-living adjustment. The agency hasn't rescheduled other data releases that were missed during the shutdown, including the jobs report, another key economic indicator.
When reached for comment, the White House reiterated Leavitt's remarks.
This is a developing story. Please check back for updates.
