Bitcoin price today: falls to 2-week low below $113k ahead of Fed Jackson Hole
Investing.com -- The Office for National Statistics (ONS) of Britain, known for its labor market data, has suspended the release of its factory gate inflation figures and similar data for the services sector.
The decision came after the discovery of a problem with the methodology used in these data sets.
The issue impacts data from the year 2008 onward, but the most significant effect on annual producer price inflation rates is observed in 2022 and 2023, according to the ONS.
As a result, the publication of Producer Price Index (PPI) and Services Producer Price Index (SPPI) data, initially scheduled for March 26, has been put on hold until the problem can be rectified.
The ONS has expressed intentions to resume the publication of this data in the summer. The exact date for resumption, however, remains unconfirmed.
The ONS is currently under scrutiny for the reliability of its labor market data, and this recent development further emphasizes the need for accuracy in data collection and dissemination.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.