Summary
The United States Bureau of Labor Statistics (BLS) announced it will not release the October inflation report due to the recent government shutdown. The lack of funding prevented the collection of necessary data. The shutdown started on October 1 and lasted nearly 43 days, ending when a bill to fund the government was passed in November.
Key Facts
- The BLS canceled the release of October's Consumer Price Index (CPI) report because of the government shutdown.
- The CPI is a key measure of inflation, tracking price changes for goods and services.
- The shutdown lasted 43 days, starting on October 1 and ending in mid-November.
- The shutdown occurred because Congress failed to pass a funding bill by September 30.
- A funding bill was finally approved by Congress and signed by President Trump in November.
- The BLS said they couldn't collect necessary survey data during the shutdown.
- The government shutdown affected many federal services, with non-essential operations halted.
- The November CPI report will be delayed and released on December 18.
