CPI inflation report will be released by Labor Department, while other data is delayed by shutdown

CPI inflation report will be released by Labor Department, while other data is delayed by shutdown


A large US flag is seen on the facade of the Department of Labor headquarters building in Washington DC, United States on September 8, 2025.

Celal Gunes | Anadolu | Getty Images

The Labor Department will bring back staff to work on a key consumer inflation report despite the ongoing federal government shutdown, CNBC has learned.

The department’s Bureau of Labor Statistics will “promptly resume” work on September’s consumer price index data, a White House official said. The report will come out at 8:30 a.m. ET on Oct. 24, nine days after it was originally scheduled, according to the BLS.

The department had originally paused work on the CPI report – which tracks a broad basket of goods and services for price changes over time — because of its shutdown plan, the official said. But the Social Security Administration needs third-quarter CPI data for calculating and publishing annual cost-of-living adjustments before Nov. 1.

Other BLS data releases including the nonfarm payroll report haven’t been published as originally intended since the federal government shutdown due to a lapse in funding. The Senate on Thursday failed to pass funding bills for the seventh time that would have ended the closure, which began last week.

Bloomberg News first reported that the BLS was calling employees back to work on the CPI data.

— CNBC’s Steve Liesman contributed to this report.

Correction: The Social Security Administration needs third-quarter CPI data for calculating and publishing annual cost-of-living adjustments before Nov. 1. An earlier version misstated the organization’s name.



Source

Metsera accepts Pfizer’s  billion bid in ongoing M&A battle
World

Metsera accepts Pfizer’s $10 billion bid in ongoing M&A battle

Smith Collection | Archive Photos | Getty Images Obesity drug developer Metsera said on Friday that it had accepted Pfizer‘s $10 billion acquisition offer, in what could spell the end of a bidding war between the New York-based pharma giant and rival Novo Nordisk that erupted over the last week. Pfizer had appeared to have […]

Read More
U.S. grants Hungary exemption on Russia sanctions after warm Trump-Orban meeting
World

U.S. grants Hungary exemption on Russia sanctions after warm Trump-Orban meeting

Hungary’s Prime Minister Viktor Orban attends a bilateral lunch hosted by U.S. President Donald Trump, at the White House in Washington, D.C., U.S., Nov. 7, 2025. Jonathan Ernst | Reuters The United States has granted Hungary a one-year exemption from U.S. sanctions for using Russian oil and gas, a White House official said on Friday, […]

Read More
You’ve just been laid off because of AI — here’s what to do next
World

You’ve just been laid off because of AI — here’s what to do next

U.S. job cuts in October marked the worst layoffs since 2003, per a report from Challenger, Gray & Christmas. Jay Yuno | E+ | Getty Images AI-driven layoffs have become a dominant theme of 2025 as thousands of workers find themselves out of a job whilst companies go all-in on artificial intelligence. In October, tech […]

Read More