Sandia Escalation Factor

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
November '24
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%

Back to Top