Producer Price Index for pipeline transportation of natural gas.
103.393+0.0% m/m−0.6% y/y
Sep 2026 value · Next print expected around Nov 2026 · Source: BLS
Price history
Sep 2026 · latest103.393+3.4%since May 2022
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Range
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Month
Value
Change m/m
Sep 2026
+0.0%
Aug 2026
+0.1%
Jul 2026
+0.0%
Jun 2026
+0.0%
May 2026
−0.0%
Apr 2026
−3.4%
Mar 2026
−0.9%
Feb 2026
−1.3%
Jan 2026
+2.1%
Dec 2025
+3.3%
Nov 2025
−0.1%
Oct 2025
−0.3%
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
Gas pipeline fell 0.6% over the last 12 months, but 1 of its main inputs rose faster: industrial electric power +4.2%. That cost pressure may still pass through to prices.
From May 2022 to Sep 2026 the index went from 100.0 to 103.4, a change of +3.4%.
Highest reading in that period: 109.6 in May 2025. Lowest: 99.9 in Jun 2022.
Largest one-month rise: +5.2% in Sep 2022. Largest one-month fall: -5.1% in Jul 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 — Pipeline Transportation of Natural Gas (BLS series PCU486210486210), 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.]
The gas-transport equivalent of the crude oil pipeline series, relevant to a midstream contract where transport and commodity cost are billed separately.
Divide the current value of BLS series WPU0531 (Natural Gas) by its value at contract signing, then apply that ratio to the natural gas 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 — Pipeline Transportation of Natural Gas, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.