Producer Price Index for total manufacturing industries, the broadest PCU industry index BLS publishes, covering the entire US manufacturing sector output price as a single figure. Index base: December 1984 = 100.
Latest value
279.699
Index · as of Aug 2026
Year-over-year change
+9.8%
BLS
Month-over-month change
+1.6%
Latest value is 1 month old. Next update expected around Sep 2026.
Calculate your adjustment
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Enter a base value, a current value, and a contract amount to see the adjustment.
Price history
Data & insights
Key figures
From Jan 2024 to Aug 2026 the index went from 244.1 to 279.7, a change of +14.6%.
Highest reading in that period: 281.4 in May 2026. Lowest: 244.1 in Jan 2024.
Largest one-month rise: +3.4% in Mar 2026. Largest one-month fall: -1.9% in Jun 2026.
For a clause that resets its base every year, a 10% cap or floor would have limited the adjustment in 2 of the last 20 months.
Volatility (12mo)
±1.60%
Std. dev. of month-over-month change
Strongest average month-over-month move historically: February (+1.3% avg).
What this means for your clause
Used as a fallback escalator in general manufacturing supply contracts with no single dominant material or a genuinely diversified bill of materials. It is too broad for any contract where one input drives most of the cost, since it averages across every manufacturing industry from food to aerospace.
Draft a clause
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 — Total Manufacturing Industries (BLS series PCUOMFG--OMFG--), published by BLS.
Base Period: the index value published for August 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.]
PPI measures what producers receive for an input, close to the actual production cost of a purchased material or component. CPI measures what consumers pay at retail, which layers on distribution and retail markup that has nothing to do with the underlying production cost of the input. Most B2B materials and component contracts should index PPI. CPI fits labor-adjacent cost-of-living escalators and consumer-facing service contracts.
Escalake tracks US PPI — Total Manufacturing Industries, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.
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