Adjustment for inflation; publication of rates

(a) Adjustment for inflation (1) In general The President shall adjust the rates of duty expressed as a dollar amount in subsections (a) and (c) of section 201 and paragraphs (1) and (2) of section 202(b) on October 1, 2027, and at the beginning of each fiscal year thereafter, to reflect the percentage (if any) of the increase in the average of the Consumer Price Index for the preceding 12-month period compared to the Consumer Price Index for fiscal year 2026. (2) Special rule for calculation of adjustment In adjusting an amount under paragraph (1), the President shall round the amount of any increase in the Consumer Price Index to the nearest cent. (3) Consumer price index defined In this subsection, the term Consumer Price Index means the Consumer Price Index for All Urban Consumers published by the Bureau of Labor Statistics of the Department of Labor. (b) Publication of rates The Commissioner of U.S. Customs and Border Protection shall publish the rates of duty for each fiscal year, as adjusted under subsection (a), on a publicly accessible website of U.S. Customs and Border Protection.