CPI for all items rises 2.7% over 12 months ending in November; shelter up

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The U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) rose 2.7 percent over the 12 months ending November 2025, following a 3.0 percent increase over the 12 months ending September 2025, with BLS noting it did not collect survey data for October 2025 due to a lapse in appropriations. On a seasonally adjusted basis, the all items index increased 0.2 percent over the two months from September to November 2025, with the index for all items less food and energy also rising 0.2 percent over that period; shelter rose 0.2 percent, energy rose 1.1 percent, and food rose 0.1 percent over the same two months. Over the 12 months ending November, the all items less food and energy index rose 2.6 percent, shelter rose 3.0 percent, energy rose 4.2 percent, and food rose 2.6 percent. The CPI-U reached an index level of 324.122 (1982-84=100), the CPI-W rose 2.7 percent to 317.414, and the Chained CPI-U (C-CPI-U) rose 2.6 percent over the last 12 months, as reported by BLS.

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