Federal Inflation Data Collection Cut Back | JQJO

The Bureau of Labor Statistics (BLS) is reducing its collection of consumer price data, impacting its reliability. Data collection has ceased in some areas, including Buffalo, Lincoln, and Provo. While the BLS claims minimal impact on overall inflation estimates, the cuts could increase volatility in more detailed measures. The agency cited resource constraints as the reason for the reduction, raising concerns about the accuracy of federal economic statistics under the Trump administration.