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Index lookup · PCU332---332---

US PPI — Fabricated Metal Product Manufacturing

Producer Price Index for the NAICS 332 industry sub-sector, fabricated metal product manufacturing, the broadest PCU aggregate in the metals group, spanning valves, wire products, castings, and similar fabricated goods together. Index base: December 1984 = 100.

Latest value
318.196
Index · as of Aug 2026
Year-over-year change
+5.3%
BLS
Month-over-month change
+0.3%

Latest value is 1 month old. Next update expected around Sep 2026.

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Price history

Data & insights

Key figures

  • From Jan 2024 to Aug 2026 the index went from 281.9 to 318.2, a change of +12.9%.
  • Highest reading in that period: 318.2 in Aug 2026. Lowest: 281.6 in Feb 2024.
  • Largest one-month rise: +1.2% in Mar 2025. Largest one-month fall: -0.1% in Feb 2024.
  • The year-over-year change stayed within 10% either way in each of the last 20 months, so a 10% annual cap or floor would not have been reached.
Volatility (12mo)
±0.16%
Std. dev. of month-over-month change

Strongest average month-over-month move historically: March (+0.7% avg).

What this means for your clause

Diversified metal parts supply agreements sometimes cite this sub-sector index as a catch all escalator when the contract covers several fabricated metal product lines at once. Because it blends products as different as valves and wire mesh, a contract for one specific product type is served better by a narrower series for that product.

Draft a clause

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 — Fabricated Metal Product Manufacturing (BLS series PCU332---332---), published by BLS.

Base Period: the index value published for August 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.]

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