Federal Register #12200039

Request for Public Comment: Extension of CPI Commodities and Services Survey

The Department of Labor's Bureau of Labor Statistics (BLS) is seeking public input on the proposed extension of its Consumer Price Index (CPI) Commodities and Services Survey. - Government Buyer: - Department of Labor, Bureau of Labor Statistics (BLS) - OEMs and Vendors: - BLS is the only organization referenced; no commercial OEMs or vendors are involved - Products/Services Requested: - No products or commercial services are being procured - The request is for public comments on the information collection process for the CPI Commodities and Services Survey - The survey collects pricing and outlet rotation data from retail establishments and government agencies to calculate the CPI - Unique or Notable Requirements: - Public feedback is sought on the necessity, accuracy, and burden of the information collection - The CPI is a critical economic indicator used for measuring inflation and adjusting government payments - The survey is conducted monthly and is recurring - No specific products, part numbers, or quantities are listed, as this is not a procurement of goods or services

Description

The Department of Labor's Bureau of Labor Statistics is proposing an extension of the Consumer Price Index Commodities and Services Survey. This survey collects data from a wide spectrum of retail establishments and government agencies to calculate the Commodities and Services component of the Consumer Price Index (CPI), which measures changes in the purchasing power of the urban consumer's dollar. The CPI is widely used as a measure of inflation, an indicator of government economic policy effectiveness, and to adjust dollar values such as Social Security payments and income eligibility levels for government assistance. The Bureau is soliciting public comments on the proposed extension to ensure the collection is necessary, accurate, and minimizes respondent burden.

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