Producer Price Index for packaging machinery manufacturing.
345.82+2.0% m/m+11.1% y/y+54.6% 5y
Sep 2026 value · Next print expected around Nov 2026 · Source: BLS
Price history
Sep 2026 · latest345.82+54.6%since Sep 2021
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Range
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Month
Value
Change m/m
Sep 2026
+2.0%
Aug 2026
+0.0%
Jul 2026
+0.0%
Jun 2026
+0.1%
May 2026
+0.3%
Apr 2026
+1.3%
Mar 2026
+1.4%
Feb 2026
+2.1%
Jan 2026
+2.3%
Dec 2025
+0.1%
Nov 2025
+0.3%
Oct 2025
+0.6%
Sep 2025
+0.0%
Same numbers as the chart, straight from BLS. Dates are the first of each period, the way BLS reports them.
How it's built
Packaging machinery rose 11.1% over the last 12 months, but 1 of its main inputs rose faster: steel mill products +27.6%. That cost pressure may still pass through to prices.
From Jan 2017 to Sep 2026 the index went from 209.9 to 345.8, a change of +64.8%.
Highest reading in that period: 345.8 in Sep 2026. Lowest: 209.4 in Sep 2017.
Largest one-month rise: +3.1% in Mar 2023. Largest one-month fall: -2.6% in May 2020.
For a clause that resets its base every year, a 10% cap or floor would have limited the adjustment in 5 of the last 36 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 — Packaging Machinery Manufacturing (BLS series PCU333993333993), 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.]
Indexes packaging line equipment, a capital-goods line in a manufacturing or distribution facility contract, distinct from the packaging materials the equipment processes.
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 — Packaging Machinery Manufacturing, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.