Nov. 21 (UPI) -- The Bureau of Labor Statistics said Friday it won't deliver the October Consumer Price Index report, meaning the Federal Reserve won't get the important data before it meets again Dec. 10 to decide on interest rates.
October's CPI report was scheduled to come out on Nov. 7, but was canceled because of the government shutdown. The November report was scheduled for Dec. 10, but that's been changed to Dec. 18, which will be too late for the Fed.
The BLS gathers information via visits, phone calls and surveys, which would have made it impossible during the shutdown and very difficult to get information retroactively.
The Bureau of Economic Analysis also said the Personal Consumption Expenditures Price Index "is to be rescheduled," though no firm date has been announced, CNBC reported. That report is the main inflation forecasting tool that the Fed uses.
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