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US PPI — Paper Bag and Coated and Treated Paper Manufacturing, Shipping Sacks and Multiwall Bags

Producer Price Index for shipping sacks and multiwall bags.

344.847+4.7% m/m+10.9% y/y

Sep 2026 value · Next print expected around Nov 2026 · Source: BLS

Price history

Sep 2026 · latest344.847+12.4%since Oct 2024
30031032033034035020252026344.8
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Copy the values

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Range
Format

Preview13 rows, newest first. Click a value to copy it.
MonthValueChange m/m
Sep 2026+4.7%
Aug 2026+0.6%
Jul 2026+0.6%
Jun 2026+3.9%
May 2026+0.2%
Apr 2026+0.2%
Mar 2026+0.1%
Feb 2026−0.0%
Jan 2026+0.2%
Dec 2025−0.1%
Nov 2025+0.0%
Oct 2025+0.2%
Sep 2025−0.5%

Same numbers as the chart, straight from BLS. Dates are the first of each period, the way BLS reports them.

How it's built

Paper bags rose 10.9% over the last 12 months, more than any of its main inputs. Input costs are not adding pressure right now.

Paper mfgConverted paper product mfgPaper bag and coated and treated paper mfg

PCU322220322220EPaper Bag and Coated and Treated Paper Manufacturing, Shipping Sacks and Multiwall Bags344.847Sep 2026 · +10.9% over 12 months

Key figures

Since Oct 2024
+12.4%
306.8 to 344.8
12-month volatility
±1.6%
std. dev. of monthly change
Largest monthly rise
+4.7%
Sep 2026
10% cap would bind
1 of 12
months, annual base reset
  • From Oct 2024 to Sep 2026 the index went from 306.8 to 344.8, a change of +12.4%.
  • Highest reading in that period: 344.8 in Sep 2026. Lowest: 305.6 in Jan 2025.
  • Largest one-month rise: +4.7% in Sep 2026. Largest one-month fall: -0.5% in Sep 2025.
  • For a clause that resets its base every year, a 10% cap or floor would have limited the adjustment in 1 of the last 12 months.

Use it in a contract

Draft clause citing this series

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 PPI — Paper Bag and Coated and Treated Paper Manufacturing, Shipping Sacks and Multiwall Bags (BLS series PCU322220322220E), published by BLS.

Base Period: the index value published for September 2026 (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.]
Why contracts cite this index

Covers heavy paper packaging used for bulk material shipment, cement, chemicals, and similar, a real line in a freight or bulk-goods packaging contract.

How this index is used (1 guide)

How do you calculate a paperboard price escalation clause using the PPI?

Divide the current value of BLS series WPU091411 (Paperboard, Excluding Corrugated Paperboard in Sheets and Rolls) by its value at contract signing, then apply that ratio to the paperboard part of the price. A usable clause also names an averaging window, a rule for revised values and missing months, and a cap.

Let Escalake run this clause for you

Escalake tracks US PPI — Paper Bag and Coated and Treated Paper Manufacturing, Shipping Sacks and Multiwall Bags, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.