"The BLS said on Friday that the annual release of consumer expenditures data - initially set for Tuesday - would be "rescheduled to a later date." "We will update users when more information is available," the notice said. The Bureau of Labor Statistics did not respond to a request for a comment. Neither did The Department of Labor, which oversees the statistics agency."
"It is the only "federal household survey to provide information on the complete range of consumers' expenditures and incomes," the BLS website says. Crucially, the data is also used to determine the weighting of specific goods and services in the Consumer Price Index for the year ahead. The intrigue: The release was postponed last year, but the BLS offered more details then, including that the data would be released two weeks later."
""The only real difference is that the 2024 press release explicitly noted a new publication date and also indicated that the delay was due to an error that they had to correct," Inflation Insights' Omair Sharif tells Axios in an email. "Today's press release doesn't give any information on what caused the delay or when it'll be released, so that is a bit odd," he added."
The Bureau of Labor Statistics postponed the annual consumer expenditures data release, saying it will be rescheduled and promising to update users when more information is available. The agency and the Department of Labor did not respond to requests for comment. The expenditures data provide comprehensive information on consumer spending, income, and demographics, and inform Consumer Price Index weighting for the coming year. Last year's release was also postponed but included a stated corrected error and new publication date. The agency faces staffing shortages and limited resources and has recently confronted political pressure following major data revisions.
Read at Axios
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