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January 13, 2026US CONSUMER PRICE INDEX, DECEMBER AND ANNUAL 2025 Please note that October inflation was not published due to the US government shut down.
The United States Consumer Price Index (not seasonally adjusted) for All Urban Consumers increased 2.7% year-over-year in December 2025, unchanged from year-over-year pace in November 2025.
Compared to December 2024, the US energy price index was up 2.3%. The gasoline price index was down 3.4%. The food index rose 3.1% and the shelter index was up 3.2% year-over-year.
The US CPI excluding food and energy rose 2.6% compared to December 2024.
Annual 2025
In 2025, average annual US consumer price index rose 2.6%, down from 2.9% price growth in 2024. US inflation has been faster than inflation in Canada or Nova Scotia since 2020, with differences in price growths narrowing in 2023 and diverging again in 2024.
CPI figures for Canada and Nova Scotia will be released January 19, 2026.
Sources: Statistics Canada. Table 18-10-0004-01 Consumer Price Index, monthly, not seasonally adjusted; U.S. Bureau of Labour Statistics retrieved from the Federal Reserve Bank of St. Louis
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