On November 26, 2025, the U.S. Department of the Treasury announced that, due to a lapse in appropriations, the Bureau of Labor Statistics had not yet released the non‑seasonally adjusted Consumer Price Index (CPI) for October 2025. To ensure continued payment obligations for Treasury Inflation‑Protected Securities (TIPS), Treasury is applying an index contingency provision outlined in the Uniform Offering Circular. The index number for October 2025 has been set at 325.604, and the Treasury will base all related calculations on this figure. Treasury has stated it will not replace the index number even if the BLS later publishes the official CPI data. The decision follows the President’s signing of a continuing resolution that extends funding through January 30, 2026, allowing Treasury to resume normal operations.
https://home.treasury.gov/news/press-releases/sb0324
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