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US PPI — Deep Sea Freight Transportation

Producer Price Index for deep sea freight transportation.

534.796+0.4% m/m+36.8% y/y+54.2% 5y

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

Price history

Sep 2026 · latest534.796+54.2%since Sep 2021
30035040045050055020222023202420252026534.8
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Range
Format

Preview13 rows, newest first. Click a value to copy it.
MonthValueChange m/m
Sep 2026+0.4%
Aug 2026+2.2%
Jul 2026+3.3%
Jun 2026+6.2%
May 2026+2.8%
Apr 2026+2.4%
Mar 2026+2.2%
Feb 2026−0.8%
Jan 2026+7.2%
Dec 2025+3.1%
Nov 2025−4.3%
Oct 2025+7.6%
Sep 2025−0.5%

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

How it's built

Deep sea shipping rose 36.8% over the last 12 months, but all of its main inputs rose faster: residual fuels (heavy fuel oils) +66.1%. That cost pressure may still pass through to prices.

Key figures

Since Jan 2017
+109.8%
254.9 to 534.8
12-month volatility
±3.2%
std. dev. of monthly change
Largest monthly rise
+13.1%
May 2022
10% cap would bind
10 of 36
months, annual base reset
  • From Jan 2017 to Sep 2026 the index went from 254.9 to 534.8, a change of +109.8%.
  • Highest reading in that period: 534.8 in Sep 2026. Lowest: 254.9 in Jan 2017.
  • Largest one-month rise: +13.1% in May 2022. Largest one-month fall: -9.7% in Mar 2023.
  • For a clause that resets its base every year, a 10% cap or floor would have limited the adjustment in 10 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 — Deep Sea Freight Transportation (BLS series PCU483111483111), 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

The standard index for oceangoing container and bulk freight, the usual choice for an international shipping contract transport-cost escalation.

How this index is used (1 guide)

How do you structure a price escalation clause for maritime and port equipment contracts?

Split the contract into four categories: shipbuilding, ship parts, port equipment, and port equipment parts. Shipbuilding indexes to BLS PCU336611336611. Port cranes use PCU333923333923, a general lifting-equipment index that is a proxy, not an exact match. The two parts categories have no output index at all, so build those from a weighted input composite.

Let Escalake run this clause for you

Escalake tracks US PPI — Deep Sea Freight Transportation, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.