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The U.S. Bureau of Labor Statistics (BLS) did not publish the Consumer Price Index (CPI) for October 2025 because of the government shutdown.
Jason Furman said that as a result, BLS will not release 12-month CPI changes for October 2025, and he plans to publish 12-month figures using an interpolated index based on the geometric average of September and November.
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Furman has previously analyzed the effects of tax policy on government finances, emphasizing the importance of measuring overall revenue impacts in state wealth and high-income tax assessments. He has also clarified labor market statistics, explaining that the official U-3 measure is the main unemployment indicator while U-6 is a broader measure and typically about 1.8 times U-3 in recent commentary. Furman's approach often focuses on accuracy and methodology in economic reporting.