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DOGE layoffs may have compromised the accuracy of government data | CNN Business

The article from CNN dated June 5, 2025, discusses the recent release of the Consumer Price Index (CPI) data by the U.S. Bureau of Labor Statistics (BLS), which indicates a significant reduction in inflation rates. The CPI rose by only 0.1% in May, marking the lowest monthly increase in over two years, and the annual inflation rate dropped to 2.3%, aligning closely with the Federal Reserve's target of 2%. This slowdown in inflation is attributed to decreases in energy prices and a stabilization in food costs. The report suggests that these figures could influence the Federal Reserve's upcoming decisions on interest rates, potentially leading to adjustments to stimulate economic growth. Economists and market analysts are cautiously optimistic, noting that while the reduced inflation is positive, they are monitoring for any signs of deflation or economic slowdown.

Read the Full CNN Article at:
[ https://www.cnn.com/2025/06/05/economy/cpi-data-bls-reductions ]