Skip to content

US PPI — Steel Pipe and Tube, Stainless Steel

Producer Price Index for stainless steel pipe and tube.

154.21+0.2% m/m+7.7% y/y+20.5% 5y

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

Price history

Sep 2026 · latest154.21+20.5%since Sep 2021
12013014015016017018020222023202420252026154.2
Move along the line to read any month

Copy the values

Paste straight into Excel, Google Sheets or an email. Spreadsheet format lands as two columns.

Range
Format

Preview13 rows, newest first. Click a value to copy it.
MonthValueChange m/m
Sep 2026+0.2%
Aug 2026−2.8%
Jul 2026+1.4%
Jun 2026+3.3%
May 2026−0.0%
Apr 2026+1.3%
Mar 2026+0.6%
Feb 2026−0.0%
Jan 2026+2.3%
Dec 2025+0.4%
Nov 2025+1.0%
Oct 2025−0.0%
Sep 2025−0.6%

Same numbers as the chart, straight from BLS. Dates are the first of each period, the way BLS reports them.

How it's built

Stainless pipe and tube rose 7.7% over the last 12 months, but all of its main inputs rose faster: nickel and nickel-base alloy mill shapes +10.6%. That cost pressure may still pass through to prices.

Metals and metal productsIron and steelSteel mill productsSteel pipe and tube

WPU10170674Steel Pipe and Tube, Stainless Steel154.21Sep 2026 · +7.7% over 12 months

Key figures

Since Jan 2017
+69.1%
91.2 to 154.2
12-month volatility
±1.4%
std. dev. of monthly change
Largest monthly rise
+6.8%
May 2022
10% cap would bind
7 of 36
months, annual base reset
  • From Jan 2017 to Sep 2026 the index went from 91.2 to 154.2, a change of +69.1%.
  • Highest reading in that period: 169.9 in May 2022. Lowest: 90.3 in Feb 2017.
  • Largest one-month rise: +6.8% in May 2022. Largest one-month fall: -4.0% in Jul 2022.
  • For a clause that resets its base every year, a 10% cap or floor would have limited the adjustment in 7 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 — Steel Pipe and Tube, Stainless Steel (BLS series WPU10170674), 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

A distinct series from carbon steel pipe, relevant to corrosion-resistant piping in chemical processing or food-grade construction contracts.

How this index is used (1 guide)

Let Escalake run this clause for you

Escalake tracks US PPI — Steel Pipe and Tube, Stainless Steel, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.