Will the rate of CPI inflation be above 4.8% for the year ending in November 2026?

How this settles

Resolves YES if the BLS-reported CPI 12-month inflation rate for the period ending November 2026 exceeds 4.8% (strictly greater than, not equal to), using the one-decimal-place figure published by the BLS.

• One-decimal BLS print, not full precision — The contract explicitly uses the one-decimal-place rounded figure (e.g., 4.8%), so a precise unrounded rate of 4.85% that rounds to 4.9% resolves YES, while 4.84% rounding to 4.8% resolves NO — traders must track the published rounded figure, not the raw calculation.
• Strictly above 4.8%, not at or above — The rules say 'more than 4.8%,' meaning an exact one-decimal print of 4.8% resolves NO; only a print of 4.9% or higher resolves YES, making the threshold asymmetric for positions near the boundary.
• Initial release vs. revised print ambiguity — The rules do not specify whether settlement uses the first (advance) BLS release or a subsequent revision; if BLS revises the figure after initial publication, it is unclear which print governs resolution.

Rules read for this specific contract. Full KXCPIYOY settlement rules →