The US government shutdown paralyzed much of its operations on October 1, after Republicans and Democrats failed to reach an agreement to extend funding beyond the end of the federal fiscal year on September 30.
The shutdown disrupted the flow of key economic data at a time of uncertainty among policymakers and investors about the health of the U.S. labor market, the path of inflation, and the strength of consumer spending and business investment.
Federal agencies responsible for indicators of American economic activity, such as the Bureau of Labor Statistics (BLS), the Bureau of Economic Analysis (BEA), and the Census Bureau, have suspended the collection and distribution of nearly all data for the duration of the shutdown. However, the BLS announced Friday that it would release the Consumer Price Index for September on October 24. The report was initially scheduled for October 15.
Much of the data from the private sector, however, will continue to be published, although some of these series rely in part on previous government reports and will also cease to be published during the government shutdown.
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Inflation data may not be published due to government shutdown
The White House said Friday that inflation data will likely not be released this year because of the government shutdown.
Due to Congress’ inability to pass a stopgap funding bill, “pollutors cannot be deployed to the field, depriving us of critical data,” the White House said on its official Twitter account.
“The economic consequences could be devastating,” he stressed about the upcoming inflation data.
The White House did not provide further details.
With information from Reuters
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