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US PPI — Nitrogen

Producer Price Index for industrial nitrogen.

263.906−0.0% m/m+3.2% y/y+5.8% 5y

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

Price history

Sep 2026 · latest263.906+5.8%since Sep 2021
20022024026028030032020222023202420252026263.9
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Range
Format

Preview13 rows, newest first. Click a value to copy it.
MonthValueChange m/m
Sep 2026−0.0%
Aug 2026−0.0%
Jul 2026−1.4%
Jun 2026−0.0%
May 2026+1.0%
Apr 2026+0.1%
Mar 2026+0.0%
Feb 2026−1.0%
Jan 2026+3.8%
Dec 2025+0.0%
Nov 2025+0.0%
Oct 2025+0.8%
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

Nitrogen gas rose 3.2% over the last 12 months, but all of its main inputs rose faster: industrial electric power +4.2%. That cost pressure may still pass through to prices.

Chemicals and allied productsOther chemicals and allied productsMisc. chemical prod. and preparationsIndustrial gases

WPU06790303Nitrogen263.906Sep 2026 · +3.2% over 12 months

Key figures

Since Jan 2017
+62.3%
162.6 to 263.9
12-month volatility
±1.2%
std. dev. of monthly change
Largest monthly rise
+23.7%
Dec 2020
10% cap would bind
13 of 36
months, annual base reset
  • From Jan 2017 to Sep 2026 the index went from 162.6 to 263.9, a change of +62.3%.
  • Highest reading in that period: 298.3 in Feb 2023. Lowest: 160.6 in May 2017.
  • Largest one-month rise: +23.7% in Dec 2020. Largest one-month fall: -20.5% in Nov 2023.
  • For a clause that resets its base every year, a 10% cap or floor would have limited the adjustment in 13 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 — Nitrogen (BLS series WPU06790303), 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

Prices on its own cycle from oxygen and argon despite sharing production infrastructure. Name the specific gas in the clause rather than citing a generic industrial gas index.

How this index is used (1 guide)

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