US mulls change in key inflation gauge: WSJ
The Bureau of Labor Statistics is contemplating a change in the consumer price index that may have an impact on how markets and policymakers interpret inflation data, the Wall Street Journal reported on Monday, citing a government official.
The Bureau of Labor Statistics is considering publishing the index and its sub-indexes to three decimal places instead of one, which would greatly reduce the frequency with which rounding produces a misleading inflation rate, the report said.
No decision has been announced, but the change would likely take place early next year, according to the article.
A representative for the government agency could not be reached for comment on the report.
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