Producer Price Index for gypsum products, a WPU13 nonmetallic mineral products series that covers the whole gypsum product group. The industry series PCU3274203274201 (Gypsum Product Manufacturing, Gypsum Building Materials) is listed separately.
488.936+0.8% m/m+1.4% y/y+25.2% 5y
Sep 2026 value · Next print expected around Nov 2026 · Source: BLS
Price history
Sep 2026 · latest488.936+25.2%since Sep 2021
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Range
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Month
Value
Change m/m
Sep 2026
+0.8%
Aug 2026
+0.7%
Jul 2026
+0.9%
Jun 2026
+0.5%
May 2026
−1.1%
Apr 2026
+0.2%
Mar 2026
−0.2%
Feb 2026
+0.1%
Jan 2026
+0.0%
Dec 2025
−0.1%
Nov 2025
−0.3%
Oct 2025
+0.0%
Sep 2025
−0.4%
Same numbers as the chart, straight from BLS. Dates are the first of each period, the way BLS reports them.
How it's built
Gypsum products rose 1.4% over the last 12 months, but 1 of its main inputs rose faster: industrial electric power +4.2%. That cost pressure may still pass through to prices.
From Dec 2016 to Sep 2026 the index went from 305.1 to 488.9, a change of +60.3%.
Highest reading in that period: 488.9 in Sep 2026. Lowest: 305.1 in Dec 2016.
Largest one-month rise: +7.6% in Feb 2018. Largest one-month fall: -2.4% in May 2018.
The year-over-year change stayed within 10% either way in each of the last 36 months, so a 10% annual cap or floor would not have been reached.
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 — Gypsum Products (BLS series WPU137), 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.]
Drywall and interior build-out subcontracts that name a gypsum escalator can use this commodity series for the whole product group, or the industry series for building materials only. Check which one the supplier price list follows.
Divide the current value of BLS series WPU137 (Gypsum Products) by its value at contract signing, then apply that ratio to the gypsum board part of the price. A usable clause also names an averaging window, a rule for revised values and missing months, and a cap.
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Escalake tracks US PPI — Gypsum Products, applies your formula, and gives both sides a number they can confirm, no spreadsheet required.