As a result of further discussions, the BLS will continue to produce the International Price Program (IPP) export price indexes through the end of FY 2015. Additional information and updates will be provided as more is known.
Subsequent to the original announcement below, discussions have been initiated to explore alternative Federal sources of funding to continue producing and publishing the International Price Program (IPP) export price indexes. The BLS will continue to produce and publish these indexes through the first quarter of FY 2015. Once the discussions to explore alternative funding sources are concluded, an announcement will be made concerning how the necessary data will be produced to avoid any disruption to the calculation of the real Gross Domestic Product (GDP).
On Friday, January 17, 2014, President Obama signed into law the Consolidated Appropriations Act, 2014. The Act provides $592.2 million in funding to the Bureau of Labor Statistics (BLS) for the fiscal year (FY) 2014 that began October 1, 2013. This funding level is $21.6 million below the FY 2014 President's Budget. In order to achieve the necessary savings for this funding level and protect core programs, the BLS is taking the steps listed below:
Through these measures, the BLS will be able to preserve the quality of its remaining products.
Last Modified Date: June 18, 2014