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US PPI — Air-Conditioning and Warm Air Heating Equipment Manufacturing

Producer Price Index for HVAC equipment manufacturing.

327.608+0.2% m/m+5.7% y/y+42.4% 5y

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

Price history

Sep 2026 · latest327.608+42.4%since Sep 2021
20022525027530032535020222023202420252026327.6
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Range
Format

Preview13 rows, newest first. Click a value to copy it.
MonthValueChange m/m
Sep 2026+0.2%
Aug 2026+0.3%
Jul 2026+1.0%
Jun 2026+0.1%
May 2026+0.8%
Apr 2026+0.3%
Mar 2026+0.9%
Feb 2026+1.2%
Jan 2026+0.4%
Dec 2025−0.1%
Nov 2025+0.1%
Oct 2025+0.7%
Sep 2025−0.9%

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

How it's built

Air conditioning rose 5.7% over the last 12 months, but all of its main inputs rose faster: cold rolled steel sheet and strip +36.9%, copper and brass mill shapes +30.0%. That cost pressure may still pass through to prices.

Key figures

Since Jan 2017
+79.0%
183.0 to 327.6
12-month volatility
±0.4%
std. dev. of monthly change
Largest monthly rise
+4.0%
Jan 2022
10% cap would bind
0 of 36
months, annual base reset
  • From Jan 2017 to Sep 2026 the index went from 183.0 to 327.6, a change of +79.0%.
  • Highest reading in that period: 327.6 in Sep 2026. Lowest: 183.0 in Jan 2017.
  • Largest one-month rise: +4.0% in Jan 2022. Largest one-month fall: -0.9% in Sep 2025.
  • The year-over-year change stayed within 10% either way in each of the last 36 months, so a 10% annual cap or floor would not have been reached.

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 — Air-Conditioning and Warm Air Heating Equipment Manufacturing (BLS series PCU333415333415), 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 the cooling-equipment share of a data-center build, alongside the transformer and switchgear series.

How this index is used (1 guide)

How do you structure a price escalation clause for telecom infrastructure contracts?

Split the contract by what is being built: towers, fiber, data centers, or core network equipment. Towers, fiber and data centers have no single official price index for the finished project, so use a weighted composite of real cost inputs. Data centers have the best coverage: transformers (PCU335311335311) and switchgear (PCU335313335313) both have real, live BLS indices.

Let Escalake run this clause for you

Escalake tracks US PPI — Air-Conditioning and Warm Air Heating Equipment Manufacturing, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.