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US Labor Secretary Signals Uncertainty Over October CPI Release

Labor Secretary Dremer noted data collection issues at the Bureau of Labor Statistics, raising doubts about the timely release of October inflation figures.

Summary

U.S. Labor Secretary Dremer stated on November 14 that while the September jobs report has been collected, it has not yet been processed, and the Bureau of Labor Statistics failed to fully gather October Consumer Price Index (CPI) data. This has created uncertainty over whether the October CPI report can be published as scheduled.

Terms & Concepts
  • Consumer Price Index (CPI): A measure that examines the weighted average of prices for a basket of consumer goods and services, indicating inflation levels.
  • Bureau of Labor Statistics (BLS): A U.S. government agency that collects and analyzes economic data related to labor market activity, working conditions, and price changes.