CONSUMER PRICE INDEX (CPI)

 

Cost-of-Living Adjustment for County Officials' Salaries for Fiscal Year 2020-2021


Pursuant to Montana Code Annotated §7-4-2503 and §7-4-2504(1991), the cost-of-living adjustment is derived using the Consumer Price Index of all Urban Consumers (CPI-U) from the U.S. Department of Labor, Bureau of Labor Statistics (1982-84=100):



(A) Annual CPI-U index (annual average) for calendar year 2019: 255.66



(B) Annual CPI-U index (annual average) for calendar year 2018: 251.11



(C) Index point change for 2018 to 2019 [A - B]: 255.66 - 251.11 = 4.55



(D) Percent change in annual indexes from 2018 to 2019 [C / B]: 4.55/251.11=0.0181 or 1.81 percent



(E) Cost-of-living adjustment factor -- 100 percent of the percent change in the annual index from 2018 to 2019 (efffective 7/1/20): 1.81 percent



PDF of Cost-of-Living Adjustment for County Officials' Salaries for FY 2020-2021


Information about the Consumer Price Index (CPI)