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Paving the Way: Understanding and Utilizing BLS Indexes in Procurement Contracts

This presentation will provide procurement professionals the tools needed to successfully navigate and leverage publicly available data commonly used in price adjustment clauses. Key topics covered include:

• Overview of key inflation measures produced by BLS, including the Consumer Price Index (CPI), Producer Price Index (PPI), and Employment Cost Index (ECI).
• Explanation of what each index measures, how they differ, and common use cases in contracts.
• Step-by-step guidance on how to find and access these publicly available indexes on the BLS website.
• Review of BLS-provided price adjustment and escalation guides.

Presented by Matt Insco, Branch Chief & Supervisory Economist, Bureau of Labor Statistics

The U.S. Bureau of Labor Statistics (BLS), an agency within the U.S. Department of Labor, measures labor market activity, working conditions, price changes, and productivity in the U.S. economy to support public and private decision making.

Matt Insco is the Branch Chief of the BLS West Region Information Office. He leads a team responsible for disseminating BLS data through press releases, analytical articles, and the BLS website. The office conducts outreach on behalf of BLS and supports data users by helping them access, understand, and interpret BLS statistics. Matt is a graduate of the University of California, Riverside, and has worked at BLS for over 25 years.