AI Is Becoming Essential for Measuring US Inflation and Growth: Beyond CPI

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world In a fast-changing economy, analyzing private-sector data enhances government statistics. Illustration: Arif Qazi for Bloomberg Markets A few months into the second Trump administration, I found myself in a packed room alongside senior officials of the Bureau of Labor Statistics. The topic, “Ensuring the Quality of US Statistics,” would have drawn little more than a collective yawn a decade ago. Since that conference, though, President Donald Trump fired the BLS commissioner, a third of the bureau’s senior leadership departed, and the longest-ever government shutdown interrupted data collection. Meanwhile, artificial intelligence has given researchers quick access to information that can be used to create new measurements.

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