Based on the official announcement by the Bureau of Labor Statistics for the 12-month change in the Consumer Price Index for All Urban Consumers, not seasonally adjusted.
The November 2024 announcement (here: https://www.bls.gov/cpi/) reads: (key sentence in bold)
"In October, the Consumer Price Index for All Urban Consumers rose 0.2 percent, seasonally adjusted, and rose 2.6 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.3 percent in October (SA); up 3.3 percent over the year (NSA)."
Update 2026-01-08 (PST) (AI summary of creator comment): This market will resolve based on the 12-month inflation rate announced in January 2026, which covers the 12 months ending in December 2025. (Note: The CPI report announced in January reports December data.)
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@Mochi It's the 12-month rate that will be announced in January, and refers to the 12 months ending in December 2025.
