Producer Price Index for unpopulated printed circuit boards.
Paste straight into Excel, Google Sheets or an email. Spreadsheet format lands as two columns.
| Month | Value | Change m/m |
|---|---|---|
| Sep 2026 | +0.0% | |
| Aug 2026 | +0.0% | |
| Jul 2026 | +1.4% | |
| Jun 2026 | +22.2% | |
| May 2026 | +0.1% | |
| Apr 2026 | +0.0% | |
| Mar 2026 | +1.6% | |
| Feb 2026 | +0.9% | |
| Jan 2026 | +13.9% | |
| Dec 2025 | +1.7% | |
| Nov 2025 | −0.5% | |
| Oct 2025 | −0.4% | |
| Sep 2025 | −0.3% |
Same numbers as the chart, straight from BLS. Dates are the first of each period, the way BLS reports them.
Circuit boards rose 45.8% over the last 12 months, more than any of its main inputs. Input costs are not adding pressure right now.
Computer & electronic product mfgSemiconductor and other electronic component mfg
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 — Bare Printed Circuit Board Manufacturing (BLS series PCU334412334412), 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 the bare board substrate itself, separate from the populated assembly. A contract that only cites a chip index misses the board substrate cost, which moves on its own schedule.
Split chips from the equipment that makes them. Chip prices index to BLS PCU334413334413, which has trended down over the last decade. Fab equipment indexes to PCU333242333242, which has trended up. A shared index will misprice one side.
Escalake tracks US PPI — Bare Printed Circuit Board Manufacturing, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.