Producer Price Index for nickel and nickel-base alloy mill shapes, sheet, bar, and similar semi-finished nickel alloy products used where corrosion or heat resistance matters. Index base: 1982 = 100.
Latest value
232.18
Index · as of Aug 2026
Year-over-year change
+9.7%
BLS
Month-over-month change
-1.8%
Latest value is 1 month old. Next update expected around Sep 2026.
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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 205.2 to 232.2, a change of +13.1%.
Highest reading in that period: 236.3 in Jul 2026. Lowest: 205.2 in Jan 2024.
Largest one-month rise: +7.0% in Jul 2026. Largest one-month fall: -1.8% in Aug 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)
±2.30%
Std. dev. of month-over-month change
Strongest average month-over-month move historically: July (+2.9% avg).
What this means for your clause
Process equipment and specialty valve manufacturers that buy nickel alloy stock cite this series directly, since nickel alloy price swings run wider than carbon or stainless steel and a blended metals index would flatten that volatility out of the 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 — Nickel and Nickel-Base Alloy Mill Shapes (BLS series WPU102504), 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.]
Compare the current value of BLS series WPU102504 (Nickel and Nickel-Base Alloy Mill Shapes) to its value at contract signing, turn that into a ratio, and apply the ratio to the nickel-affected line items. A usable clause also names an averaging window, a publication-lag rule, and a cap.
Escalake tracks US PPI — Nickel and Nickel-Base Alloy Mill Shapes, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.
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