last summer, fell 5.8% despite reporting a stronger profit for the latest quarter than analysts expected. Its revenue fell just short of Wall Street’s target, as did its forecast for revenue in the current quarter.
that it will no longer collect wholesale prices in about 350 categories for its Producer Price Index, a measure of price changes before they reach the consumer.The inflation data plays a huge role in the U.S. economy. It is used to calculate the annual cost of living adjustments for tens of millions of Social Security recipients and it helps determine the interest rate paid in about $2 trillion of inflation-adjusted Treasury bonds. Many private-sector wages are also influenced by the CPI.
The reduced data collection is also occurring at a time of heightened uncertainty about the economy and the impact of Trump’s sweepingon hiring, growth and inflation. Officials at the Federal Reserve, for example, have repeatedly cited the cloudy outlook as a key reason they are no longer cutting their short-term interest rate, after reducing it three times late last year.“The PPI is cutting hundreds of indexes from production, and the CPI is now being constructed with less data,” Omair Sharif, chief economist at the consulting firm Inflation Insights, said in an email. “That alone is worrying given that we’re heading into the teeth of the tariff impact on prices.”
The BLS said that the cutbacks “have minimal impact” on the overall inflation data, but “they may increase the volatility” of the reported prices of specific items.President Donald Trump froze federal hiring on his
in April until late July, suggesting future inflation reports will also involve less data collection. The White House could continue to extend the freeze indefinitely.
Sharif and other economists said the BLS hasn’t released enough information to judge how big an impact the cutbacks are having on the inflation figures. But it could make them less slighly less accurate.said in a statement.
Guidon was born in the interior of Sao Paulo state in 1933. She graduated in Natural History from the University of Sao Paulo in 1959, before moving to France to pursue her studies. She completed her doctorate at Paris’ Sorbonne University in 1975, after presenting a thesis on the cave paintings in Piaui state.Guidon went on to found the Foundation Museum of the American Man, a non-profit dedicated to the cultural and natural heritage of Serra da Capivara National Park, which she led between 1986 and 2019.
“For decades, she and her team fought to secure funding and infrastructure for the park, firmly standing against government neglect,” the nonprofit said on Wednesday, adding that her work was marked by “passion, persistence, and a generous vision of science as a tool for social transformation.”In 2024, Brazil’s National Council of Scientific and Technological Development asked Guidon about the obstacles she faced as a woman and a scientist.