Producer Price Index for industrial commodities less fuels, a WPU aggregate that excludes energy and fuel prices to isolate non-energy industrial cost movement from fuel price volatility. Index base: 1982 = 100.
Latest value
288.736
Index · as of Aug 2026
Year-over-year change
+7.2%
BLS
Month-over-month change
+0.4%
Latest value is 1 month old. Next update expected around Sep 2026.
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Price history
Data & insights
Key figures
From Jan 2024 to Aug 2026 the index went from 257.9 to 288.7, a change of +11.9%.
Highest reading in that period: 288.7 in Aug 2026. Lowest: 257.9 in Jan 2024.
Largest one-month rise: +1.2% in May 2026. Largest one-month fall: -0.2% in Mar 2024.
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)
±0.35%
Std. dev. of month-over-month change
Strongest average month-over-month move historically: January (+0.8% avg).
What this means for your clause
Used in industrial supply contracts that want to track non-energy cost movement specifically, stripping out the fuel-price swings that would otherwise dominate a broader industrial commodities index. Works best as a companion series alongside a separate fuel surcharge clause rather than as a single blended escalator.
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 — Industrial Commodities Less Fuels (BLS series WPU03T15M05), 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 diesel fuel surcharge compares a current-period Producer Price Index value for No. 2 diesel fuel to the value at contract signing (the base period), turns that into a ratio, then applies the ratio, often above a threshold, to the freight or transport-affected portion of the contract price. Clauses typically name the exact BLS series code, an averaging window, a publication lag, and a cap limiting the maximum adjustment.
Escalake tracks US PPI — Industrial Commodities Less Fuels, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.
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