Index lookup · PCU333132333132
US PPI — Oil and Gas Field Machinery and Equipment Manufacturing
Producer Price Index industry data for oil and gas field machinery and equipment manufacturing, covering drilling rigs, wellheads, and similar upstream capital equipment. Index base: December 1980 = 100.
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 323.5 to 342.8, a change of +6.0%.
- Highest reading in that period: 342.8 in Aug 2026. Lowest: 321.6 in Feb 2024.
- Largest one-month rise: +2.3% in Aug 2026. Largest one-month fall: -0.6% 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.
Strongest average month-over-month move historically: August (+0.9% avg).
What this means for your clause
Escalates an oilfield equipment supply agreement between an equipment manufacturer and an upstream operator. Moves with oilfield capital-spending cycles rather than general industrial demand, so a contract outside the oil and gas sector should not borrow this series as a stand-in for general machinery cost.
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 — Oil and Gas Field Machinery and Equipment Manufacturing (BLS series PCU333132333132), 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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