US PPI — Power, Distribution, and Specialty Transformer Manufacturing
Producer Price Index for electrical transformers, updated monthly.
475.065+0.0% m/m+7.8% y/y+50.4% 5y
Sep 2026 value · Next print expected around Nov 2026 · Source: BLS
Price history
Sep 2026 · latest475.065+50.4%since Sep 2021
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Range
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Month
Value
Change m/m
Sep 2026
+0.0%
Aug 2026
+0.0%
Jul 2026
+4.0%
Jun 2026
+0.0%
May 2026
+0.5%
Apr 2026
−0.4%
Mar 2026
+0.0%
Feb 2026
+0.0%
Jan 2026
+0.0%
Dec 2025
+0.0%
Nov 2025
−0.6%
Oct 2025
+4.0%
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
Transformers rose 7.8% over the last 12 months, but all of its main inputs rose faster: cold rolled steel sheet and strip +36.9%, copper wire and cable +30.8%. That cost pressure may still pass through to prices.
From Jan 2017 to Sep 2026 the index went from 231.5 to 475.1, a change of +105.2%.
Highest reading in that period: 475.1 in Aug 2026. Lowest: 231.5 in Jan 2017.
Largest one-month rise: +6.0% in Jun 2021. Largest one-month fall: -2.5% in Oct 2022.
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 — Power, Distribution, and Specialty Transformer Manufacturing (BLS series PCU335311335311), 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.]
One of the strongest indexed components in data-center, transmission, and substation contracts, a real manufactured product with a live monthly survey.
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.
Split the contract by asset type: solar, wind, transmission, substations, or water. Transformers (PCU335311335311) and switchgear (PCU335313335313) have real, live BLS price indices. Solar, wind, and power line construction do not, so those need a weighted input composite instead.
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