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.
In response, the U.S. Department of the Treasury has invoked index contingency provisions related to Treasury Inflation-Protected Securities (TIPS). According to the Uniform Offering Circular (UOC), Treasury has calculated and announced an index number for October 2025, which is set at 325.604.
The department stated: "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."
Scott Bessent, Secretary of the Treasury of the United States
| U.S. Department of the Treasury
This action ensures that TIPS-related payments and obligations can proceed without delay despite the absence of official CPI data from BLS.
