The Sandia Escalation Factor is the result of two (2) calculations:
1. S&P Global economic calculations and
2. U.S. Department of Labor Bureau of Labor Statistics Employment Cost Index calculations
The S&P portion of the Sandia Escalation Factor may be validated by the authorized Subcontracting Professional by request.
This data is updated by the end of first week of every month.
| 2024 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '24 | 3.9% |
| November '24 | 3.5% |
| October '24 | 3.65% |
| September '24 | 3.85% |
| August '24 | 3.75% |
| July '24 | 3.8% |
| June '24 | 3.8% |
| May '24 | 4.15% |
| April '24 | 3.6% |
| March '24 | 4.2% |
| February '24 | 4.0% |
| January '24 | 4.2% |
| 2023 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '23 | 4.3% |
| November '23 | 4.55% |
| October '23 | 4.6% |
| September '23 | 5.00% |
| August '23 | 4.85% |
| July '23 | 4.85% |
| June '23 | 4.65% |
| May '23 | 4.5% |
| April '23 | 4.5% |
| March '23 | 4.55% |
| February '23 | 4.55% |
| January '23 | 4.55% |
| 2022 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '22 | 4.65% |
| November '22 | 4.55% |
| October '22 | 4.75% |
| September '22 | 4.95% |
| August '22 | 4.7% |
| July '22 | 4.35% |
| June '22 | 5.35% |
| May '22 | 5.05% |
| April '22 | 4.55% |
| March '22 | 4.45% |
| February '22 | 4.6% |
| January '22 | 4.4% |
| 2021 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '21 | 4.4% |
| November '21 | 3.85% |
| October '21 | 3.35% |
| September '21 | 3.45% |
| August '21 | 3.0% |
| July '21 | 3.05% |
| June '21 | 2.55% |
| May '21 | 2.55% |
| April '21 | 2.25% |
| March '21 | 2.05% |
| February '21 | 2.2% |
| January '21 | 2.0% |
| 2020 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '20 | 2.05% |
| November '20 | 2.25% |
| October '20 | 2.25% |
| September '20 | 1.45% |
| August '20 | 1.7% |
| July '20 | 2.3% |
| June '20 | .45% |
| May '20 | .35% |
| April '20 | 2.55% |
| March '20 | 2.7% |
| February '20 | 2.8% |
| January '20 | 2.6% |
| 2019 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '19 | 2.4% |
| November '19 | 2.4% |
| October '19 | 2.65% |
| September '19 | 2.65% |
| August '19 | 2.7% |
| July '19 | 2.5% |
| June '19 | 2.5% |
| May '19 | 2.4% |
| April '19 | 2.65% |
| March '19 | 2.6% |
| February '19 | 2.8% |
| January '19 | 2.7% |
| 2018 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '18 | 2.7% |
| November '18 | 2.65% |
| October '18 | 2.65% |
| September '18 | 2.75% |
| August '18 | 2.8% |
| July '18 | 2.75% |
| June '18 | 2.65% |
| May '18 | 2.55% |
| April '18 | 2.55% |
| March '18 | 2.6% |
| February '18 | 2.5% |
| January '18 | 2.35% |
| 2017 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '17 | 2.2% |
| November '17 | 2.2% |
| October '17 | 2.25% |
| September '17 | 2.25% |
| August '17 | 2.25% |
| July '17 | 2.1% |
| June '17 | 2.1% |
| May '17 | 2.0% |
| April '17 | 1.9% |
| March '17 | 1.85% |
| February '17 | 1.95% |
| January '17 | 2.2% |
| 2016 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '16 | 1.95% |
| November '16 | 1.95% |
| October '16 | 1.95% |
| September '16 | 1.95% |
| August '16 | 1.95% |
| July '16 | 1.9% |
| June '16 | 1.9% |
| May '16 | 1.85% |
| April '16 | 1.9% |
| March '16 | 1.9% |
| February '16 | 2.0% |
| January '16 | 2.0% |
| 2015 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '15 | 1.85% |
| November '15 | 1.95% |
| October '15 | 1.95% |
| September '15 | 1.95% |
| August '15 | 2.45% |
| July '15 | 2.4% |
| June '15 | 2.45% |
| May '15 | 2.25% |
| April '15 | 2.3% |
| March '15 | 2.3% |
| February '15 | 2.4% |
| January '15 | 2.0% |
| 2014 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '14 | 2.05% |
| November '14 | 1.95% |
| October '14 | 2.0% |
| September '14 | 2.0% |
| August '14 | 1.9% |
| July '14 | 1.8% |
| June '14 | 1.8% |
| May '14 | 2.1% |
| April '14 | 2.1% |
| March '14 | 2.1% |
| February '14 | 2.1% |
| January '14 | 2.25% |
| 2013 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '13 | 2.05% |
| November '13 | 1.95% |
| October '13 | 1.9% |
| September '13 | 1.9% |
| August '13 | 1.8% |
| July '13 | 1.75% |
| June '13 | 1.8% |
| May '13 | 2.05% |
| April '13 | 2.1% |
| March '13 | 2.1% |
| February '13 | 2.0% |
| January '13 | 2.0% |
| 2012 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '12 | 1.95% |
| November '12 | 2.0% |
| October '12 | 1.95% |
| September '12 | 1.95% |
| August '12 | 1.9% |
| July '12 | 1.9% |
| June '12 | 1.95% |
| May '12 | 1.95% |
| April '12 | 1.95% |
| March '12 | 2.0% |
| February '12 | 1.95% |
| January '12 | 1.95% |
| 2011 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '11 | 2.05% |
| November '11 | 2.1% |
| October '11 | 2.25% |
| September '11 | 2.25% |
| August '11 | 2.1% |
| July '11 | 2.05% |
| June '11 | 2.05% |
| May '11 | 2.1% |
| April '11 | 2.0% |
| March '11 | 2.0% |
| February '11 | 2.0% |
| January '11 | 1.85% |
| 2010 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '10 | 1.8% |
| November '10 | 1.8% |
| October '10 | 1.65% |
| September '10 | 1.55% |
| August '10 | 1.55% |
| July '10 | 1.40% |
| June '10 | 1.45% |
| May '10 | 1.5% |
| April '10 | 1.45% |
| March '10 | 1.4% |
| February '10 | 1.4% |
| January '10 | 1.45% |
| 2009 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '09 | 1.45% |
| November '09 | 1.35% |
| October '09 | 1.60% |
| September '09 | 1.65% |
| August '09 | 1.65% |
| July '09 | 1.95% |
| June '09 | 1.95% |
| May '09 | 2.25% |
| April '09 | 2.35% |
| March '09 | 2.40% |
| February '09 | 2.55% |
| January '09 | 2.55% |
| 2008 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '08 | 2.95% |
| November '08 | 3.0% |
| October '08 | 2.95% |
| September '08 | 2.15% |
| August '08 | 3.30% |
| July '08 | 3.35% |
| June '08 | 3.30% |
| May '08 | 3.30% |
| April '08 | 3.35% |
| March '08 | 3.30% |
| February '08 | 3.30% |
| January '08 | 3.40% |
| 2007 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '07 | 3.45% |
| November '07 | 3.45% |
| October '07 | 3.60% |
| September '07 | 3.60% |
| August '07 | 3.60% |
| July '07 | 3.65% |
| June '07 | 3.65% |
| May '07 | 3.65% |
| April '07 | 3.50% |
| March '07 | 3.55% |
| February '07 | 3.55% |
| January '07 | 3.25% |
| 2006 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '06 | 3.20% |
| November '06 | 3.15% |
| October '06 | 2.95% |
| September '06 | 2.55% |
| August '06 | 2.60% |
| July '06 | 2.60% |
| June '06 | 2.60% |
| May '06 | 2.90% |
| April '06 | 2.85% |
| March '06 | 2.90% |
| February '06 | 2.95% |
| January '06 | 2.90% |
| 2005 | |
|---|---|
| Month | S&P/DoL Combined Key Factor |
| December '05 | 2.60% |
| November '05 | 2.65% |
| October '05 | 2.95% |
| September '05 | 2.95% |
| August '05 | 3.00% |
| July '05 | 3.10% |
| June '05 | 3.15% |
| May '05 | 3.35% |
| April '05 | 3.40% |
| March '05 | 3.40% |
| February '05 | 3.40% |
| January '05 | 3.60% |