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◆ TESSARA JULY 23, 2026 Power transformer prices stepped sharply higher 457 INDEX +0.0% MoM · +4.1% YoY BLS producer price index for US power-transformer manufacturing. Grid-equipment cost inflation. 430 440 450 460 Breakout Aug '24 Mar '25 Nov '25 Jun '26 tessara.tech Source: U.S. Bureau of Labor Statistics

Power transformer prices stepped sharply higher

US producer prices for power transformers are up about 4% in a year and stepped sharply higher in late 2025. Transformers are the long-lead chokepoint for connecting new data centers to the grid, so their pricing power reads how tight grid equipment has become.
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