CTR073906_Contract_Amendment_One__1_.pdf

ARIZONA DEPARTMENT OF TRANSPORTATION

1655 W. Jackson Street, MD 100P

Phoenix, AZ 85007

Contract Amendment Summary CONTRACTOR: POTTERS INDUSTRIES LLC AMENDMENT NO.: One (1)

DESCRIPTION: STATEWIDE ROADWAY AND AIRPORT GLASS BEAD QUALITY MATERIALS

Rev. 03/2025

Pursuant to the Uniform Terms and Conditions, Section 5, Contract Changes, the above referenced contract is amended. Summary of changes is as follows:

1. This contract is hereby mutually extended from October 1,2025 through September 30, 2026 unless terminated, canceled or extended as otherwise provided in the contract.

2. The line item pricing listed on the attached spreadsheet will be effective on October 1, 2025.

3. All other terms, conditions and provisions of this contract remain unchanged.

javascript:void('0') javascript:void('0')

PROCUREMENT DETERMINATION

PRICE INCREASE

Cc: File Rev. 03/2025

Sections 1 through 3 MUST be completed Use Attachments as Necessary

1) Name: Megan Walker Title: Senior Procurement Specialist

Date: September 9, 2025

Contract Number: CTR073906 Contract Description: Statewide Roadway and Airport

Glass Bead Quality Materials

Contractor Name: Potters Industries LLC

2) Line Item Pricing:

See attached spreadsheet.

3) Provide justification:

Potters Industries LLC has requested a price increase for contract CTR073906 Statewide Roadway and Airport Glass Bead Quality Materials. The request is due to inflationary pressures impacting raw material, packaging, and transportation costs. According to the Federal Reserve Producer Price Index for Glass and Glass Product Manufacturing (PCU3272132721), material costs have increased 4% over the past year. The US inflation calculator shows a 3% increase in the line item pricing from 2024 to 2025. The Consumer Price Index increased 3% from January 2024 to January 2025. While the Bureau of Labor Statistics (BLS) index for all urban consumers reflects a 2.7% increase in the past year. The Bureau of Labor Statistics shows a 3% increase in general freight trucking and a 2% increase in freight for rail transportation. Procurement IQ notes prices for glass products had increased over the past three years as demand has been high and has led to shortages across the US. Supplier provided a letter from their packaging vendor confirming a 6% increase on material costs. Additional documentation was provided to show a 13.6% increase in cullet glass. As well as an additional 5% increase effective July. The request for a 4-8% increase on various line items (see attached price sheet) has been determined to be fair and reasonable and in the best interest of the State.

To Be Completed by Procurement Authority:

APPROVAL

Request Authorized Pursuant to A.A.C. R2-7-604A Request Denied Request Returned for Additional Information See Comments

Comments:

Approved by:

Signature:

Title:

Date:

Docusign Envelope ID: 424A4638-B748-4057-83EC-341DFEA7B72D

N/A

9/10/2025Procurement Manager

Product Code Description Unit of Measure

Original Contract Price

Supplier Increase Request

Percentage Increase

CTR073906-1 Glass Bead Item 1: AASHTO M-247 Type 1 with 80% Rounds Glass Bead, 50 lb Bags Each $22.70 $24.45 8% CTR073906-2 Glass Bead Item 1: AASHTO M-247 Type 1 with 80% Rounds Glass Bead, 2,000 lbs Tri-Wall Tote Each $908.00 $978.00 8% CTR073906-3 Glass Bead Item 1: AASHTO M-247 Type 1 with 80% Rounds Glass Bead, 2,400 lbs Super Sack Each $1,089.60 $1,173.60 8% CTR073906-4 Glass Bead Item 2: High Performance Glass Bead (Texas DOT Type 2 or Similar), 50 lb Bags Each $30.20 $31.95 6% CTR073906-5 Glass Bead Item 2: High Performance Glass Bead (Texas DOT Type 2 or Similar), 2,400 lbs Super Sack Each $1,449.60 $1,533.60 6% CTR073906-6 Glass Bead Item 3: AASHTO M-247 Type 3 with 80% Rounds Glass Bead, 50 lb Bag Each $42.90 $44.65 4% CTR073906-7 Glass Bead Item 3: AASHTO M-247 Type 3 with 80% Rounds Glass Bead, 2,000 lbs Tri-Wall Tote Each $1,716.00 $1,786.00 4% CTR073906-8 Glass Bead Item 3: AASHTO M-247 Type 3 with 80% Rounds Glass Bead, 2,400 lbs Super Sack Each $2,059.20 $2,143.20 4% CTR073906-9 Glass Bead Item 4: Federal Specification TT-B-1325D Type 1 Airport Glass Bead, 50 lb Bag Each $24.20 $25.95 7% CTR073906-10 Glass Bead Item 4: Federal Specification TT-B-1325D Type 4 Airport Glass Bead, 50 lb Bag Each $46.20 $47.95 4%

Procurement

ATTACHMENT 5

PRICE INCREASE PERCENTAGES

Solicitation No: BPM006338 Available online at https://appstate.az.gov/

Rev. 09/2022

The offeror should use the space below to identify the maximum price increase percentage that they may want to request at the time of renewal if ADOT exercises its option per the applicable provisions under any resultant contract(s).

1st Renewal Period ______10____________% Maximum Increase

2nd Renewal Period _____20_____________% Maximum Increase

3rd Renewal Period _____30_____________% Maximum Increase

4th Renewal Period _____40_____________% Maximum Increase

The offeror is cautioned that each renewal period’s increase percentage shall be computed against the ORIGINAL contract price. If information is not provided in the space above, prices shall remain the same as the original contract term. Please see the following example for further clarification.

Example: If the offeror anticipates requesting a 2% increase at each renewal period per Special Terms and Conditions, they should enter 2%, 4%, 6%, and 8% in the attachment. Each percentage increase is calculated using the original contract price. See example in table below.

Renewal Period

% Maximum Increase from Attachment

Original Contract

Price

Maximum Increase Allowed

Maximum Contract

Price 1 2% $100.00 $2.00 $102.00 2 4% $100.00 $4.00 $104.00 3 6% $100.00 $6.00 $106.00 4 8% $100.00 $8.00 $108.00

Furthermore, the offeror is advised that the State of Arizona does not automatically grant any increase when renewing the contract. If an increase is requested, documentation of need must be provided at the time of renewal.

https://appstate.az.gov/

July 16, 2025

Megan Walker

SENIOR PROCUREMENT SPECIALIST

ARIZONA DEPARTMENT

OF TRANSPORTATION

MD 100P, 1655 W. Jackson Street Phoenix, AZ 85007

Re: CTR073906 Glass Beads – Renewal

Dear Ms. Walker, Thank you for opportunity to renew the contract referenced for renewal period 10/01/2025 to 09/30/20263. Contractual terms allow us to request an increase in price.

To substantiate our request for the price per pound increase as outlined below, we are providing the following weblink for the PPI Index for Glass and Glass Product Manufacturing, which covers glass beads, which shows a 1.53% increase year over year. Additionally, cullet demands have increased significantly, which impacts our supply.

Information attached.

Producer Price Index by Industry: Glass and Glass Product Manufacturing (PCU3272132721) | FRED | St. Louis Fed (stlouisfed.org)

We would like to propose a $0.035/lb. increase across all products. Pricing breakdown on the following page.

We look forward to our continued business relationship with the State of Arizona.

Thank you, Becky Tarkenton Bid Administrator

3222 Phoenixville Pike Suite 103 Malvern, PA 19355

1-800-55-BEADS

(445)895-3200 www.pottersindustries.com

NEW Pricing per Product

AZ Label LB price Unit Price

Glass Bead Item 1: AASHTO M-247 Type 1 with 80% Rounds Glass Bead, 50 lb Bags $0.489 $ 24.45

Glass Bead Item 1: AASHTO M-247 Type 1 with 80% Rounds Glass Bead, 2,000 lbs Tri-Wall Tote $0.489 $ 978.00

Glass Bead Item 1: AASHTO M-247 Type 1 with 80% Rounds Glass Bead, 2,400 lbs Super Sack $0.489 $1,173.60

Glass Bead Item 2: High Performance Glass Bead (Texas DOT Type 2 or Similar), 50 lb Bags $0.639 $ 31.95

Glass Bead Item 2: High Performance Glass Bead (Texas DOT Type 2 or Similar), 2,400 lbs Super Sack $0.639 $1,533.60

Glass Bead Item 3: AASHTO M-247 Type 3 with 80% Rounds Glass Bead, 50 lb Bag $0.893 $ 44.65

Glass Bead Item 3: AASHTO M-247 Type 3 with 80% Rounds Glass Bead, 2,000 lbs Tri-Wall Tote $0.893 $1,786.00

Glass Bead Item 3: AASHTO M-247 Type 3 with 80% Rounds Glass Bead, 2,400 lbs Super Sack $0.893 $2,143.20

Glass Bead Item 4: Federal Specification TT-B-1325D Type 1 Airport Glass Bead, 50 lb Bag $0.519 $ 25.95

Glass Bead Item 4: Federal Specification TT-B-1325D Type 4 Airport Glass Bead, 50 lb Bag $0.959 $ 47.95

Where is the Glass Going?

Glass Manufacturers:

O-I (O-I Glass, Inc. )

• Among our corporate sustainability goals is incorporating an average of 50% cullet, or recycled glass, in each package globally by 2030. One of the largest challenges in achieving that goal is the varying availability of cullet for manufacturing.

Verallia (Verallia Group – Recycling) •Design and manufacture glass packaging worldwide using cullet. By adding 10% more cullet to the production process, the CO2 emissions of a glass furnace are reduced by 5% and its energy consumption by 2.5%. Recycling one ton of cullet saves an average of 1.2 tons of virgin raw materials.

Ardagh (Ardaghgroup.com)

• The focus continues to be on CO2 reduction and maximizing the use of recycled materials.

Guardian (guardianglass.com)

• The energy demand is reduced by approximately 3% for every 10% of cullet, and because less energy and fewer raw materials are used, this also reduces CO2 emissions. Recently conducted a pilot production in Europe that used 60% cullet – while remaining focused on the quality of the glass.

Fiberglass since 2020:

• Current US production capacity is approximately 1.2 million m2. Glass fiber demand for the U.S. is expected to reach 3 billion pounds by 2025.

• global glass fiber capacity was 12.8 billion pounds in 2019 and is currently running at 91% utilization. It is predicted that the fiberglass plant capacity utilization will go down slightly to approximately 90% in 2020 as glass fiber producers add more production capacities.

• The North America market for Mineral Wool is at capacity and growing at between 3% to 5%.

• Nov 2020 – Johns Manville completes phase one of expansion of fiberglass pipeline (OH). First of two production lines added.

• Knauf Insulation: 10 railcars of recycled glass cullet used each day. 65% of our Glass Mineral Wool should be made up of recycled glass with an ambition to raise that percentage higher, providing we can find the right quality cullet from used bottles and other glass. For our Rock Mineral Wool. The aim for a minimum of 25% external recycled material. The new site in McGregor, Texas, North America, is scheduled to open in 2024 and will produce 46 million m2 of mineral wool every year. This site will use plate glass, not dust.

Solar Glass:

• NSG to invest in a float line glass at Pilkington (OH) in early 2025 to support First Solar

• The global photovoltaic glass market size is estimated at US$ 21.24 billion in 2024 and is predicted to reach US$ 237.16 billion by 2034-end, expanding at a notable CAGR of 26.8% between

2024 and 2034.

• First Solar expanded capacity with 13 GW of operation output (Sept 2023) and plans for 14 GW in US (2026)

• Solar cycle building recycled solar glass factory (GA) with 6GW operation output (2024)

• Estimated demand in NA to be ~100GW by 2030

March 7, 2025

Dear Valued Customer, Pulp and Paper announced a $40/ton increase in linerboard prices in February 2025. The new baseline is now $945/ton. This increase equates to a 7-8% increase on our corrugated sheet prices.

DanHil continues to find ways to remain competitive but must increase your custom corrugated prices by 6% effective April 7, 2025. This increase applies to product delivered on or after April 7, 2025.

We would like to thank you for your business and continued support.

Please contact us with any questions you may have.

Sincerely, J. Gastinger Sales Representative

Strategic Materials, Inc.

Potters Industries All Freight and fuel a direct pass through All prices subject to Environmental fee 14 day allowance to unload railcar after placement at buyers facilty. $75 per day/car dwell time fee charged on day 14+

2024‐2025 Contract Lane No CUST DESC Mode FOB Customer CATEGORY % WSC000673 18 Potters Industries Commerce California Truck FOB SMI Kingman CWPP 10.7% WSC005121 19 Potters Industries Phoenix AZ Truck FOB SMI Kingman CWPP 13.6% WSC005121 20 Potters Industries Phoenix AZ Truck Delivered Kingman CWPP 13.6%

Strategic Materials, Inc.

Potters Industries All Freight and fuel a direct pass through All prices subject to Environmental fee 14 day allowance to unload railcar after placement at buyers facilty. $75 per day/car dwell time fee charged on day 14+

Show/Hide Contract Lane No CUST DESC Mode FOB Customer CATEGORY % Increase Commerce Hide WSC000673 16 Potters Industries Commerce California Truck FOB SMI Kingman CWPP 5.0% Phoenix WSC005121 17 Potters Industries Phoenix AZ Truck FOB SMI Kingman CWPP 5.0% Phoenix WSC005121 18 Potters Industries Phoenix AZ Truck Delivered Kingman CWPP 5.0%

Product Code Desciption Unit of Measure

Original Contract

Price

U.S. Inflation Calculator 2024-

(https://www.usinfl ationcalculator.co m/)

Cumulative rate of inflation

CTR073906-1 Glass Bead Item 1: AASHTO M-247 Type 1 with 80% Rounds Glass Bead, 50 lb Bags Each $22.70 $23.38 3.00% CTR073906-2 Glass Bead Item 1: AASHTO M-247 Type 1 with 80% Rounds Glass Bead, 2,000 lbs Tri-Wall Tote Each $908.00 $935.09 3.00% CTR073906-3 Glass Bead Item 1: AASHTO M-247 Type 1 with 80% Rounds Glass Bead, 2,400 lbs Super Sack Each $1,089.60 $1,122.11 3.00% CTR073906-4 Glass Bead Item 2: High Performance Glass Bead (Texas DOT Type 2 or Similar), 50 lb Bags Each $30.20 $31.10 3.00%

CTR073906-5 Glass Bead Item 2: High Performance Glass Bead (Texas DOT Type 2 or Similar), 2,400 lbs Super Sack Each $1,449.60 $1,492.85 3.00% CTR073906-6 Glass Bead Item 3: AASHTO M-247 Type 3 with 80% Rounds Glass Bead, 50 lb Bag Each $42.90 $44.18 3.00% CTR073906-7 Glass Bead Item 3: AASHTO M-247 Type 3 with 80% Rounds Glass Bead, 2,000 lbs Tri-Wall Tote Each $1,716.00 $1,767.20 3.00% CTR073906-8 Glass Bead Item 3: AASHTO M-247 Type 3 with 80% Rounds Glass Bead, 2,400 lbs Super Sack Each $2,059.20 $2,120.61 3.00% CTR073906-9 Glass Bead Item 4: Federal Specification TT-B-1325D Type 1 Airport Glass Bead, 50 lb Bag Each $24.20 $24.92 3.00% CTR073906-10 Glass Bead Item 4: Federal Specification TT-B-1325D Type 4 Airport Glass Bead, 50 lb Bag Each $46.20 $47.58 3.00%

Home > Categories > Prices > Producer Price Indexes (PPI) > Industry Based > Manufacturing

Producer Price Index by Industry: Glass and Glass Product Manufacturing (PCU3272132721)

Observations

Jul 2025: 175.748

Updated: Aug 14, 2025 7:59 AM CDT

Next Release Date: Sep 10, 2025

Units:

Index Dec 2003=100, Not Seasonally Adjusted

Frequency:

Monthly 1Y 5Y 10Y Max Edit Graph

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RELEASE CALENDAR TOOLS NEWS BLOG ABOUT

2024-01-01 to 2025-07-01

Source: U.S. Bureau of Labor Statistics via FRED®

Mar 2024 May 2024 Jul 2024 Sep 2024 Nov 2024 Jan 2025 Mar 2025 May 2025

Producer Price Index by Industry: Glass and Glass Product Manufacturing

In d ex D ec

3=

Jul 2025: 175.748

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Source: U.S. Bureau of Labor Statistics Release: Producer Price Index

Units: Index Dec 2003=100, Not Seasonally Adjusted

Frequency: Monthly

Suggested Citation:

U.S. Bureau of Labor Statistics, Producer Price Index by Industry: Glass and Glass Product Manufacturing [PCU3272132721], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/PCU3272132721, September 8, 2025.

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BLS Data Viewer

Net Monthly Changes:

1-Month Net Change 3-Month Net Change

6-Month Net Change 12-Month Net Change

Percent Monthly Changes:

1-Month % Change 3-Month % Change

6-Month % Change 12-Month % Change

Latest Observation:

July 2025

175.748 Jan 2024 - Jul 2025 Minimum Value: April 2024 168.759

Maximum Value: July 2025 175.748

Data Availability:

2003 - 2025

Time Period: Start Year: 2024 End Year: 2025

Data extracted on: Sep 9, 2025 (11:34:25 AM)

PPI Industry Data

Series Title : PPI industry group data for Glass and glass product manufacturing, not seasonally adjusted

Series ID : PCU3272--3272--

Seasonality : Not Seasonally Adjusted

Survey Name : PPI Industry Data

Measure Data Type : Glass and glass product manufacturing

Industry : Glass and glass product manufacturing

Item : Glass and glass product manufacturing

Footnotes

U.S. BUREAU OF LABOR STATISTICS

Permalink

Update

G la ss a nd g la ss p ro du ct m an uf ac tu rin g

PPI industry group data for Glass and glass product manufacturing, not seasonally adjusted

PCU3272--3272--

Jan '24 Mar '24 May '24 Jul '24 Sep '24 Nov '24 Jan '25 Mar '25 May '25 Jul '25

Click and drag in the plot area to zoom in. Hover over chart to view data.

Source: U.S. Bureau of Labor Statistics.

.CSV.XLSX

2024 M01

Jan 169.270

2024 M02

Feb 169.331

2024 M03

Mar 169.565

2024 M04 2024 Apr 168.759

2024 M05 May

169.476

2024 M06

Jun 168.966

2024 M07 2024 Jul 170 515

Year Period Label Value

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The Consumer Price Index rose 3.0 percent from January 2024 to January 2025 February 13, 2025

From January 2024 to January 2025, the Consumer Price Index for All Urban Consumers (CPI-U) increased 3.0 percent, after rising 2.9 percent over the 12 months ending December 2024.

12-month percentage change, Consumer Price Index, selected categories, not seasonally adjusted

Month All items Food Energy All items less food and energy Jan 2015 -0.1 3.2 -19.6 1.6

Feb 2015 0.0 3.0 -18.8 1.7

Mar 2015 -0.1 2.3 -18.3 1.8

Apr 2015 -0.2 2.0 -19.4 1.8

May 2015 0.0 1.6 -16.3 1.7

Jun 2015 0.1 1.8 -15.0 1.8

Jul 2015 0.2 1.6 -14.8 1.8

Aug 2015 0.2 1.6 -15.0 1.8

Sep 2015 0.0 1.6 -18.4 1.9

Oct 2015 0.2 1.6 -17.1 1.9

Nov 2015 0.5 1.3 -14.7 2.0

Dec 2015 0.7 0.8 -12.6 2.1

The all items less food and energy index rose 3.3 percent over the last 12 months. Energy prices increased 1.0 percent and food prices increased 2.5 percent over the last year.

These data are from the Consumer Price Index program and are not seasonally adjusted. To learn more, see “Consumer Price Index — January 2025.” We also have more charts on consumer prices.

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CHART IMAGE CHART DATA

12-month percentage change, Consumer Price Index, selected categories, not seasonally adjusted

All items Food Energy All items less food and energy

Jan 2015 Jan 2017 Jan 2019 Jan 2021 Jan 2023 Jan 2025 -30%

-20%

-10%

0%

10%

20%

30%

40%

50%

Click legend items to change data display. Hover over chart to view data.

Shaded area represents a recession as determined by the National Bureau of Economic Research.

Source: U.S. Bureau of Labor Statistics.

8/22/25, 2:37 PM The Consumer Price Index rose 3.0 percent from January 2024 to January 2025 : The Economics Daily: U.S. Bureau of Labor Statistics https://www.bls.gov/opub/ted/2025/the-consumer-price-index-rose-3-0-percent-from-january-2024-to-january-2025.htm#:~:text=The Consumer Price Index rose 3.0 percent from January 2024 to January 2025,-Febru… 1/2

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Bureau of Labor Statistics, U.S. Department of Labor, The Economics Daily, The Consumer Price Index rose 3.0 percent from January 2024 to January 2025 at https://www.bls.gov/opub/ted/2025/the-consumer-price-index-rose-3-0-percent-from-january-2024-to-january-2025.htm (visited August 22, 2025).

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1-Month Net Change 3-Month Net Change

6-Month Net Change 12-Month Net Change

Percent Monthly Changes:

1-Month % Change 3-Month % Change

6-Month % Change 12-Month % Change

Latest Observation:

July 2025

134.248 Jan 2024 - Jul 2025 Minimum Value: March 2024 130.234

Maximum Value: January 2025 134.306

Data Availability:

2015 - 2025

Time Period: Start Year: 2024 End Year: 2025

Data extracted on: Sep 9, 2025 (12:25:23 PM)

PPI Industry Data

Series Title : PPI industry data for Line-haul railroads-Freight rail transportation, not seasonally adjusted

Series ID : PCU4821114821114

Seasonality : Not Seasonally Adjusted

Survey Name : PPI Industry Data

Measure Data Type : Freight rail transportation

Industry : Line-haul railroads

Item : Freight rail transportation

Footnotes

U.S. BUREAU OF LABOR STATISTICS

Permalink

Update

Fr ei gh t r ai l t ra ns po rt ati on

PPI industry data for Line-haul railroads-Freight rail transportation, not seasonally adjusted

PCU4821114821114

Jan '24 Mar '24 May '24 Jul '24 Sep '24 Nov '24 Jan '25 Mar '25 May '25 Jul '25

Click and drag in the plot area to zoom in. Hover over chart to view data.

Source: U.S. Bureau of Labor Statistics.

.CSV.XLSX

2024 M01

Jan 132.239

2024 M02

Feb 130.428

2024 M03

Mar 130.234

2024 M04 2024 Apr 131.442

2024 M05 May

131.666

2024 M06

Jun 131.607

2024 M07 2024 Jul 132 374

Year Period Label Value

9/9/25, 9:30 AM BLS Data Viewer https://data.bls.gov/dataViewer/view/timeseries/PCU4821114821114 1/2

Docusign Envelope ID: 424A4638-B748-4057-83EC-341DFEA7B72D

1-Month Net Change 3-Month Net Change

6-Month Net Change 12-Month Net Change

Percent Monthly Changes:

1-Month % Change 3-Month % Change

6-Month % Change 12-Month % Change

Latest Observation:

July 2025

183.254 Jan 2024 - Jul 2025 Minimum Value: January 2024 177.356

Maximum Value: August 2024 183.429

Data Availability:

1993 - 2025

Time Period: Start Year: 2024 End Year: 2025

Data extracted on: Sep 9, 2025 (12:12:42 PM)

PPI Industry Data

Series Title :

PPI industry data for General freight trucking, local-General freight trucking services, local, not seasonally adjusted

Series ID : PCU4841104841101

Seasonality : Not Seasonally Adjusted

Survey Name : PPI Industry Data

Measure Data Type : General freight trucking services, local

Industry : General freight trucking, local

Item : General freight trucking services, local

U.S. BUREAU OF LABOR STATISTICS

Permalink

Update

G en er al fr ei gh t t ru ck in g se rv ic es

, l oc al

PPI industry data for General freight trucking, local-General freight trucking services, local, not seasonally adjusted

PCU4841104841101

Jan '24 Mar '24 May '24 Jul '24 Sep '24 Nov '24 Jan '25 Mar '25 May '25 Jul '25

Click and drag in the plot area to zoom in. Hover over chart to view data.

Source: U.S. Bureau of Labor Statistics.

.CSV.XLSX

2024 M01

Jan 177.356

2024 M02

Feb 178.361

2024 M03

Mar 180.536

2024 M04 2024 Apr 182.541

2024 M05 May

181.311

2024 M06

Jun 180.596

2024 M07 2024 Jul 181 170

Year Period Label Value

9/9/25, 9:31 AM BLS Data Viewer https://data.bls.gov/dataViewer/view/timeseries/PCU4841104841101 1/2

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Transmission of material in this release is embargoed until USDL-25-1264 8:30 a.m. (ET) Tuesday, August 12, 2025

Technical information: (202) 691-7000 • cpi_info@bls.gov • www.bls.gov/cpi Media contact: (202) 691-5902 • PressOffice@bls.gov

CONSUMER PRICE INDEX – JULY 2025

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.2 percent on a seasonally adjusted basis in July, after rising 0.3 percent in June, the U.S. Bureau of Labor Statistics reported today.

Over the last 12 months, the all items index increased 2.7 percent before seasonal adjustment.

The index for shelter rose 0.2 percent in July and was the primary factor in the all items monthly increase. The food index was unchanged over the month as the food away from home index rose 0.3 percent while the food at home index fell 0.1 percent. In contrast, the index for energy fell 1.1 percent in July as the index for gasoline decreased 2.2 percent over the month.

The index for all items less food and energy rose 0.3 percent in July, following a 0.2-percent increase in June. Indexes that increased over the month include medical care, airline fares, recreation, household furnishings and operations, and used cars and trucks. The indexes for lodging away from home and communication were among the few major indexes that decreased in July.

The all items index rose 2.7 percent for the 12 months ending July, after rising 2.7 percent over the 12 months ending June. The all items less food and energy index rose 3.1 percent over the last 12 months.

The energy index decreased 1.6 percent for the 12 months ending July. The food index increased 2.9 percent over the last year.

Changes to wireless telephone services source data and methodology

With this release, BLS has replaced survey data collected for the CPI’s wireless telephone services index with secondary source data and non-traditional index methods.

Additional information is available on the CPI website, www.bls.gov/cpi/additional-resources/alternative-data-wireless-telephone.htm, and in a new factsheet “Measuring Price Change in the CPI: Wireless Telephone Services,” www.bls.gov/cpi/factsheets/wireless-telephone-service.htm.

- 2 -

-0.1

0.0

0.1

0.2

0.3

0.4

0.5

Jul'24 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul'25

Chart 1. One-month percent change in CPI for All Urban Consumers (CPI-U), seasonally adjusted, July 2024 - July 2025 Percent change

0.1

0.2 0.2 0.2

0.3

0.4

0.5

0.2

-0.1

0.2

0.1

0.3

0.2

Chart 2. 12-month percent change in CPI for All Urban Consumers (CPI-U), not seasonally adjusted, July 2024 - July 2025 Percent change

All items All items less food and energy

2.2

2.4

2.6

2.8

3.0

3.2

3.4

Jul'24 Aug Sep Oct Nov Dec Jan Feb Mar Apr May Jun Jul'25

- 3 -

Food

The index for food was unchanged in July, after increasing 0.3 percent in the previous 2 months. The food at home index fell 0.1 percent over the month. Two of the six major grocery store food group indexes increased in July, while three decreased and one was unchanged. The index for dairy and related products rose 0.7 percent over the month as the index for milk increased 1.9 percent. The meats, poultry, fish, and eggs index increased 0.2 percent in July, with mixed subcomponents including a 1.5-percent increase in the beef index and a 3.9-percent decrease in the eggs index.

The index for other food at home declined 0.5 percent in July, after rising 0.2 percent in June. The nonalcoholic beverages index also declined 0.5 percent over the month, as the juices and nonalcoholic drinks index fell 1.3 percent. The index for cereals and bakery products fell 0.2 percent in July. The fruits and vegetables index was unchanged over the month.

The food away from home index rose 0.3 percent in July. The index for full service meals rose 0.5 percent over the month and the index for limited service meals increased 0.1 percent.

The index for food at home rose 2.2 percent over the 12 months ending in July. The meats, poultry, fish, and eggs index rose 5.2 percent over the last 12 months as the eggs index increased 16.4 percent. The index for nonalcoholic beverages increased 3.6 percent over the same period and the index for other food at home rose 1.2 percent. The cereals and bakery products index increased 1.0 percent over the 12 months ending in July. The index for dairy and related products rose 1.5 percent and the index for fruits and vegetables increased 0.2 percent over the same period.

The food away from home index rose 3.9 percent over the last year. The index for full service meals rose 4.4 percent and the index for limited service meals rose 3.3 percent over the same period.

Table A. Percent changes in CPI for All Urban Consumers (CPI-U): U.S. city average

1 N o t s e a s on a l l y adjusted.

- 4 -

Energy

The index for energy decreased 1.1 percent in July, after rising 0.9 percent in June. The gasoline index decreased 2.2 percent over the month. (Before seasonal adjustment, gasoline prices decreased 0.5 percent in July.) The index for electricity decreased 0.1 percent over the month and the index for natural gas decreased 0.9 percent over the same period.

The index for energy decreased 1.6 percent over the past 12 months. The gasoline index fell 9.5 percent over this 12-month span and the fuel oil index fell 2.9 percent over the same period. In contrast, the index for electricity increased 5.5 percent over the last 12 months and the index for natural gas rose 13.8 percent.

All items less food and energy

The index for all items less food and energy rose 0.3 percent in July, following a 0.2-percent increase in June. The shelter index increased 0.2 percent over the month. The index for owners’ equivalent rent rose

0.3 percent in July as did the index for rent. Conversely, the lodging away from home index fell 1.0 percent in July.

The medical care index increased 0.7 percent over the month, following a 0.5-percent increase in June.

The index for dental services increased 2.6 percent in July and the index for hospital and related services increased 0.4 percent. The physicians’ services index rose 0.2 percent over the month, while the prescription drugs index fell 0.2 percent.

The index for airline fares increased 4.0 percent over the month, after declining 0.1 percent in June. The recreation index increased 0.4 percent over the month, as did the household furnishings and operations index. The index for used cars and trucks rose 0.5 percent in July and the index for personal care rose

0.4 percent. The new vehicles index was unchanged over the month while the communication index fell

0.3 percent.

The index for all items less food and energy rose 3.1 percent over the past 12 months. The shelter index increased 3.7 percent over the last year. Other indexes with notable increases over the last year include medical care (+3.5 percent), household furnishings and operations (+3.4 percent), motor vehicle insurance (+5.3 percent), and recreation (+2.4 percent).

Not seasonally adjusted CPI measures

The Consumer Price Index for All Urban Consumers (CPI-U) increased 2.7 percent over the last 12 months to an index level of 323.048 (1982-84=100). For the month, the index increased 0.2 percent prior to seasonal adjustment.

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) increased 2.5 percent over the last 12 months to an index level of 316.349 (1982-84=100). For the month, the index increased 0.1 percent prior to seasonal adjustment.

The Chained Consumer Price Index for All Urban Consumers (C-CPI-U) increased 2.5 percent over the last 12 months. For the month, the index increased 0.1 percent on a not seasonally adjusted basis. Please note that the indexes for the past 10 to 12 months are subject to revision.

- 5 -

The Consumer Price Index for August 2025 is scheduled to be released on Thursday, September 11, 2025, at 8:30 a.m. (ET).

Changes to the health insurance index

With the release of October 2025 data on November 13, 2025, the Bureau of Labor Statistics (BLS) will remove long-term care (LTC) insurance from the health insurance index. Changes in the market for LTC insurance have made it out of scope and ineligible for pricing in the CPI market basket.

- 6 -

Technical Note

Brief Explanation of the CPI The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services. The CPI reflects spending patterns for each of two population groups: all urban consumers and urban wage earners and clerical workers. The all urban consumer group represents over 90 percent of the total U.S. population. It is based on the expenditures of almost all residents of urban or metropolitan areas, including professionals, the self-employed, the poor, the unemployed, and retired people, as well as urban wage earners and clerical workers. Not included in the CPI are the spending patterns of people living in rural nonmetropolitan areas, farming families, people in the Armed Forces, and those in institutions, such as prisons and mental hospitals. Consumer inflation for all urban consumers is measured by two indexes, namely, the Consumer Price Index for All Urban Consumers (CPI-U) and the Chained Consumer Price Index for All Urban Consumers (C-CPI-U).

The Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W) is based on the expenditures of households included in the CPI-U definition that meet two requirements: more than one-half of the household's income must come from clerical or wage occupations, and at least one of the household's earners must have been employed for at least 37 weeks during the previous 12 months. The CPI-W population represents approximately 30 percent of the total U.S. population and is a subset of the CPI-U population.

The CPIs are based on prices of food, clothing, shelter, fuels, transportation, doctors’ and dentists’ services, drugs, and other goods and services that people buy for day-to-day living. Prices are collected each month in 75 urban areas across the country from about 6,000 housing units and approximately 22,000 retail establishments (department stores, supermarkets, hospitals, filling stations, and other types of stores and service establishments). All taxes directly associated with the purchase and use of items are included in the index. Prices of fuels and a few other items are obtained every month in all 75 locations.

Prices of most other commodities and services are collected every month in the three largest geographic areas and every other month in other areas. Prices of most goods and services are obtained by personal visit, telephone call, web, or app collection by the Bureau’s trained representatives.

In calculating the index, price changes for the various items in each location are aggregated using weights, which represent their importance in the spending of the appropriate population group. Local data are then combined to obtain a U.S. city average. For the CPI-U and CPI-W, separate indexes are also published by size of city, by region of the country, for cross-classifications of regions and population-size classes, and for 23 selected local areas. Area indexes do not measure differences in the level of prices among cities; they only measure the average change in prices for each area since the base period. For the C-CPI-U, data are issued only at the national level. The CPI-U and CPI-W are considered final when released, but the C-CPI-U is issued in preliminary form and subject to three subsequent quarterly revisions.

The index measures price change from a designed reference date. For most of the CPI-U and the CPI-W, the reference base is 1982-84 equals 100. The reference base for the C-CPI-U is December 1999 equals

100. An increase of 7 percent from the reference base, for example, is shown as 107.000. Alternatively, that relationship can also be expressed as the price of a base period market basket of goods and services rising from $100 to $107.

Sampling Error in the CPI The CPI is a statistical estimate that is subject to sampling error because it is based upon a sample of retail prices and not the complete universe of all prices. BLS calculates and publishes estimates of the 1-

- 7 -month, 2-month, 6-month, and 12-month percent change standard errors annually for the CPI-U. These standard error estimates can be used to construct confidence intervals for hypothesis testing. For example, the estimated standard error of the 1-month percent change is 0.03 percent for the U.S. all items CPI. This means that if we repeatedly sample from the universe of all retail prices using the same methodology, and estimate a percentage change for each sample, then 95 percent of these estimates will be within 0.06 percent of the 1-month percentage change based on all retail prices. For example, for a 1-month change of 0.2 percent in the all items CPI-U, we are 95 percent confident that the actual percent change based on all retail prices would fall between 0.14 and 0.26 percent. For the latest data, including information on how to use the estimates of standard error, see www.bls.gov/cpi/tables/variance-estimates/home.htm.

Calculating Index Changes Movements of the indexes from 1 month to another are usually expressed as percent changes rather than changes in index points, because index point changes are affected by the level of the index in relation to its base period, while percent changes are not. The following table shows an example of using index values to calculate percent changes:

Item A Item B Item C

Year I 112.500 225.000 110.000

Year II 121.500 243.000 128.000

Change in index points 9.000 18.000 18.000

Percent change 9.0/112.500 x 100 = 8.0 18.0/225.000 x 100 = 8.0 18.0/110.000 x 100 = 16.4

Use of Seasonally Adjusted and Unadjusted Data The Consumer Price Index (CPI) program produces both unadjusted and seasonally adjusted data.

Seasonally adjusted data are computed using seasonal factors derived by the X-13ARIMA-SEATS seasonal adjustment method. These factors are updated each February, and the new factors are used to revise the previous 5 years of seasonally adjusted data. The factors are available at www.bls.gov/cpi/tables/seasonal-adjustment/seasonal-factors-2025.xlsx. For more information on data revision scheduling, please see the Factsheet on Seasonal Adjustment at www.bls.gov/cpi/seasonal-adjustment/questions-and-answers.htm and the Timeline of Seasonal Adjustment Methodological Changes at www.bls.gov/cpi/seasonal-adjustment/timeline-seasonal-adjustment-methodology-changes.htm.

How to Use Seasonally Adjusted and Unadjusted Data For analyzing short-term price trends in the economy, seasonally adjusted changes are usually preferred since they eliminate the effect of changes that normally occur at the same time and in about the same magnitude every year—such as price movements resulting from weather events, production cycles, model changeovers, holidays, and sales. This allows data users to focus on changes that are not typical for the time of year.

The unadjusted data are of primary interest to consumers concerned about the prices they actually pay.

Unadjusted data are also used extensively for escalation purposes. Many collective bargaining contract agreements and pension plans, for example, tie compensation changes to the Consumer Price Index

- 8 -before adjustment for seasonal variation. BLS advises against the use of seasonally adjusted data in escalation agreements because seasonally adjusted series are revised annually for five years.

Intervention Analysis The Bureau of Labor Statistics uses intervention analysis seasonal adjustment (IASA) for some CPI series. Sometimes extreme values or sharp movements can distort the underlying seasonal pattern of price change. Intervention analysis seasonal adjustment is a process by which the distortions caused by such unusual events are estimated and removed from the data prior to calculation of seasonal factors.

The resulting seasonal factors, which more accurately represent the seasonal pattern, are then applied to the unadjusted data.

For example, this procedure was used for the motor fuel series to offset the effects of the 2009 return to normal pricing after the worldwide economic downturn in 2008. Retaining this outlier data during seasonal factor calculation would distort the computation of the seasonal portion of the time series data for motor fuel, so it was estimated and removed from the data prior to seasonal adjustment. Following that, seasonal factors were calculated based on this “prior adjusted” data. These seasonal factors represent a clearer picture of the seasonal pattern in the data. The last step is for motor fuel seasonal factors to be applied to the unadjusted data.

For the seasonal factors introduced for January 2025, BLS adjusted 63 series using intervention analysis seasonal adjustment, including selected food and beverage items, motor fuels and vehicles.

Revision of Seasonally Adjusted Indexes Seasonally adjusted data, including the U.S. city average all items index levels, are subject to revision for up to 5 years after their original release. Every year, economists in the CPI calculate new seasonal factors for seasonally adjusted series and apply them to the last 5 years of data. Seasonally adjusted indexes beyond the last 5 years of data are considered to be final and not subject to revision. For January 2025, revised seasonal factors and seasonally adjusted indexes for 2020 to 2024 were calculated and published. For series which are directly adjusted using the Census X-13ARIMA-SEATS seasonal adjustment software, the seasonal factors for 2024 will be applied to data for 2025 to produce the seasonally adjusted 2025 indexes. Series which are indirectly seasonally adjusted by summing seasonally adjusted component series have seasonal factors which are derived and are therefore not available in advance.

Determining Seasonal Status Each year the seasonal status of every series is reevaluated based upon certain statistical criteria. Using these criteria, BLS economists determine whether a series should change its status from "not seasonally adjusted" to "seasonally adjusted", or vice versa. If any of the 81 components of the U.S. city average all items index change their seasonal adjustment status from seasonally adjusted to not seasonally adjusted, not seasonally adjusted data will be used in the aggregation of the dependent series for the last 5 years, but the seasonally adjusted indexes before that period will not be changed. For 2025, 34 of the 81 components of the U.S. city average all items index are not seasonally adjusted.

Contact Information For additional information about the CPI visit www.bls.gov/cpi or contact the CPI Information and Analysis Section at 202-691-7000 or cpi_info@bls.gov.

For additional information on seasonal adjustment in the CPI visit www.bls.gov/cpi/seasonal-adjustment/home.htm If you are deaf, hard of hearing, or have a speech disability, please dial 7-1-1 to access telecommunications relay services.