US Department of Labor Under Investigation for Early Upload of CPI Data

IconCNT16 May, 2024

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US Department of Labor Under Investigation for Early Upload of CPI Data

The US Department of Labor is under investigation after some files related to the April Consumer Price Index (CPI) were uploaded to the website 30 minutes early. The CPI, a key measure of inflation, rose 3.4% year-over-year in April, up from 3.5% in February. The early upload of the CPI data has raised concerns about the integrity of the data and the potential for insider trading. The Department of Labor has said that it is investigating the matter and will take appropriate action if any wrongdoing is found. The early upload of the CPI data is the latest in a series of controversies surrounding the Department of Labor. In recent months, the department has been criticized for its handling of the unemployment insurance system and for its failure to adequately address worker safety issues. Previously on [date], the US Department of Labor announced at 9:30 pm on May 15 that the April CPI rose 3.4% year-over-year (up 3.5% in February, expected 3.4%).

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