CPI or PPI, BLS Data for Contract Price Adjustment - Lana Conforti.pptx.pdf

Repeat: The document provides guidance on utilizing various BLS data programs, such as the Employment Cost Index (ECI) and Producer Price Index (PPI), for contract price adjustments in procurement scenarios. It emphasizes the importance of selecting appropriate indexes representing input costs rather than the final product. The document outlines different categories of input costs such as food, packaging, energy, and labor, and suggests specific PPI codes for each category. It also explains how to calculate price adjustments using PPI data and highlights the pitfalls to avoid in PPI escalation clauses. Additionally, it discusses the use of other BLS data programs like the Employment Cost Index (ECI) for labor input costs. The document aims to assist public procurement offices in managing contract price adjustments effectively based on changes in input costs.