"Zoom in: The CPI was supposed to be released on Oct. 15. It's unlikely to make that deadline. The goal now is to get the numbers out in time so that the COLA announcement isn't delayed. It also looks likely that the Federal Reserve will have the numbers in time for its next meeting, one of the many data inputs the central bank considers in making interest rate decisions."
"The law requires the Social Security administration to calculate the cost of living adjustments using CPI data from the third-quarter, and publish the information about those increases before Nov. 1, the administration official said. The shutdown hasn't and won't affect Social Security benefits overall because that funding is outside the annual appropriations process, but a delayed CPI would've damaged or prevented a COLA announcement, the official said."
The Bureau of Labor Statistics is recalling staff to resume work on the Consumer Price Index after a government shutdown interrupted the release schedule. The CPI, originally due Oct. 15, is unlikely to meet that deadline, but the priority is to publish figures in time for the Social Security cost-of-living adjustment and for Federal Reserve review ahead of its next meeting. The CPI data collection had finished before the shutdown began on Oct. 1. Social Security benefit funding remains unaffected, but a delayed CPI would have hindered or prevented the COLA announcement. Other BLS reports, including September unemployment data, have been delayed.
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