Producer Price Index for almonds sold at the farm and first-handler level, a WPU commodity index specific to this one tree nut crop. Index base: December 1991 = 100.
Latest value
368.383
Index · as of Aug 2026
Year-over-year change
-5.7%
BLS
Month-over-month change
+0.0%
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 357.3 to 368.4, a change of +3.1%.
Highest reading in that period: 390.5 in Jun 2025. Lowest: 346.3 in Feb 2024.
Largest one-month rise: +9.3% in Jun 2025. Largest one-month fall: -5.7% in Oct 2025.
The year-over-year change stayed within 10% either way in each of the last 20 months, so a 10% annual cap or floor would not have been reached.
Volatility (12mo)
±1.56%
Std. dev. of month-over-month change
Strongest average month-over-month move historically: June (+3.1% avg).
What this means for your clause
Relevant to almond supply and processing contracts between growers, hullers, and food manufacturers. Almond pricing is set mostly at harvest with the following year's crop, so an annual rather than monthly escalation window tends to match how these contracts are actually negotiated.
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 — Almonds (BLS series WPU01190102), 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.]
A food or agricultural escalation clause compares a current-period Producer Price Index value to the value at contract signing (the base period), turns that into a ratio, then applies the ratio to the contract price. BLS splits raw farm commodities (Farm Products, WPU01) from processed food inputs (Processed Foods and Feeds, WPU02); picking the wrong one indexes the contract to the wrong stage of the supply chain, and the series is unusually seasonal, which makes base-period selection especially important.
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