The consumer price index, seasonally adjusted, stood at 325.063 in November 2025, according to Bureau of Labor Statistics data published by the St. Louis Fed. The index a year earlier, November 2024, was 316.528. Those levels imply a twelve-month increase of 2.7 percent.
A price level and a rate of change are different objects. The index can be high relative to a household's memory of 2019 and still be the input to a modest twelve-month change, or the reverse.