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December 18, 2025US CONSUMER PRICE INDEX, NOVEMBER 2025 
The United States Consumer Price Index (not seasonally adjusted) for All Urban Consumers increased 2.7% year-over-year in November 2025, down from the 3.0% year-over-year pace in September 2025. October inflation was not published due to the US government shut down.
Compared to November 2024, the US energy price index was up 4.2%. The gasoline price index was up 0.9%. The food index rose 2.6% and the shelter index was up 3.0% year-over-year.
The US CPI excluding food and energy rose 2.6% compared to November 2024.
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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