Due to a lapse in appropriations, the Bureau of Labor Statistics (BLS) has not released the non-seasonally adjusted U.S. City Average All Items Consumer Price Index for All Urban Consumers (CPI) for October 2025.
As a result, the U.S. Department of the Treasury announced it will use an index number determined under contingency provisions outlined in the Uniform Offering Circular for Treasury Inflation-Protected Securities (TIPS). According to Treasury, “Based on the calculations described in the UOC, the index number for October 2025 is 325.604.”
The department stated that this figure will be used for all payment obligations related to TIPS that require the October 2025 CPI value. “Treasury will base its calculations of its payment obligations that rely on October 2025 CPI on this index number. For the purposes of such calculations, Treasury will not replace this index number even if BLS subsequently reports actual CPI for October 2025,” according to Treasury.
This measure ensures continuity in payments and operations related to TIPS despite delays in official economic data reporting.
