Inflation in the Pacific Region November 2025

December 18, 2025

All of the data discussed in this report come from the U.S. Bureau of Labor Statistics’ Consumer Price Index (CPI)[i]database. This source no longer produces estimates of price levels in Oregon nor any metropolitan area within Oregon, so this report references data from the Pacific region (Alaska, California, Hawaii, Oregon, and Washington.)[ii]

At the time of publication, the BLS had not released CPI data for October 2025. As a result, the cost-of-living estimates in this report are updated using the two-month CPI change from September to November. 

Pacific Region Inflation Remains Elevated but Shows Signs of Cooling

Inflation in the Pacific region continues to run above the national average, even as recent data suggest a modest easing in price pressures toward the end of 2025. Over the two months from September to November, consumer prices in the Pacific region declined slightly, reflecting short-term price moderation following stronger increases earlier in the year. On a year-over-year basis, however, inflation remains elevated, driven largely by higher costs in medical care, energy, transportation, and services.

Over the 12 months ending in November 2025, the Consumer Price Index for All Urban Consumers (CPI-U) in the Pacific region increased 3.2 percent, exceeding the 3.0 percent increase in the U.S. city average. The largest contributors to inflation in the region were medical care, energy, transportation, and services.

Core inflation—which excludes food and energy—also remains higher in the Pacific region than nationally. Over the same 12-month period, core CPI rose 3.2 percent in the Pacific region, compared with a 2.6 percent increase for the U.S. city average, indicating more persistent underlying price pressures in the region.

At the national level, monetary policy continued to ease into year-end. At its December meeting, the Federal Reserve lowered the federal funds target range by an additional 25 basis points to 3.5%–3.75%, continuing its gradual easing cycle as inflation moderated and labor-market conditions softened. 

The CPI-U for the Pacific region fell 0.2 percent over the 2 months from September to November 2025. Over the 12 months ending in November, prices rose 3.2 percent, exceeding the 3.0 percent increase in the U.S. city average.

Key Takeaways:

• Over the 12 months ending in November 2025, the CPI for the Pacific region rose 3.2 percent, exceeding the national average of 3.0 percent. The largest contributors to the increase were medical care, energy, services, and transportation.
• The Consumer Price Index for All Urban Consumers in the Pacific region decreased 0.2 percent on a seasonally adjusted basis over the 2 months from September to November 2025, pointing to a modest easing in prices over the two-month period.

Sectoral Price Changes[iii]

The inflationary environment has cost the average household in the Pacific region nearly $50,000 compared to 2020 spending levels, with Housing and 

Transportation accounting for nearly 60% of this increase.

• From November 2024 to November 2025, the largest price increases were seen in: Energy (5.2%), Medical Care (5.1%), Transportation (4.5%) and Services (3.8%).
• Inflation in Apparel and Durables prices were the smallest, 0.43% and 0.67% respectively.

The Pacific region saw above-average annual price growth in:

• Energy (5.2% vs. 4.1%)
• Medical Care (5.1% vs. 3%)
• Transportation (4.5% vs. 2.2%)
• Services (3.8% vs. 3.4%)

From November 2024 to November 2025, price growth in the Pacific region was slower than the national average across several categories—Apparel (0.4% vs. 1.8%), Commodities (2.1% vs. 2.4%), Durables (0.7% vs. 1.9%), Education (1% vs. 1.4%), Food (2.5% vs. 2.8%), Housing (3.2% vs. 3.8%), and Recreation (1.2% vs. 2.1%).