Index lookup · CIU2023211000000I
Employment Cost Index for wages and salaries of private industry workers in aircraft manufacturing (NAICS 336411), not seasonally adjusted. Excludes benefits. Published quarterly. Index base: December 2005 = 100.
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The labor term in engine price revision formulas, where engine makers escalate on aerospace wages alongside producer price indexes for industrial goods and metals. Narrower than the manufacturing ECI, so it tracks aerospace pay directly.
A starting point citing this series by name and code. Replace the bracketed terms with your contract's actual scope before use.
The [affected portion] of the Contract Price shall be adjusted using US ECI — Wages and Salaries, Aircraft Manufacturing (BLS series CIU2023211000000I), published by BLS. Base Period: the index value published for the month of contract signing (or the month of contract signing, if different) is the Base Value. Adjustment: at each Adjustment Date, the Current Value is the most recently published three-month average of the index (the Averaging Window). The Escalation Factor equals Current Value divided by Base Value. Cap: the Escalation Factor applied under this clause shall not exceed 1.10 or fall below 0.90 (a 10% cap and floor) in any single Adjustment Date, regardless of the index's actual movement. [Replace bracketed terms with your contract's actual affected-portion definition and adjustment-date schedule before use. This is a drafting starting point, not legal advice.]
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New aircraft are escalated with a labor and inflation formula, not a manufacturing PPI: 65% Employment Cost Index (manufacturing, CIU2013000000000I) plus 35% CPI-U (CUUR0000SA0), measured against base-year values and applied at delivery. Spare parts have no matching series, so price them from a weighted input composite instead.
Read more →Escalake tracks US ECI — Wages and Salaries, Aircraft Manufacturing, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.