The Bureau of Labor Statistics won’t be publishing a delayed report on wholesale price inflation this month.
The federal agency will skip the postponed October report on the Producer Price Index and instead roll those figures into November’s report, which will be published Jan. 14, reported the Wall Street Journal.
“The monthly report on wholesale prices doesn’t get much attention from policymakers on its own, but data from the report are important for the Fed’s preferred inflation indicator, the personal consumption expenditures price index,” the newspaper reported. “The delayed PPI figures suggest further challenges ahead for the Fed in getting its hands around the current inflation backdrop.”
The BLS is still working to catch up on government statistics that were missed during the record 43-day government shutdown.
The Federal Reserve will meet later this week, but the most recent data those officials will have to guide their decisions will be from September.
October’s canceled report was the first time the monthly data had not been released in 12 years.
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