CONSUMER PRICE INDEX (CPI)
Cost-of-Living Adjustment for County Officials' Salaries for Fiscal Year 2019-2020
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 2018: 251.11
(B) Annual CPI-U index (annual average) for calendar year 2017: 245.12
(C) Index point change for 2017 to 2018 [A - B]: 251.11 - 245.12 = 5.99
(D) Percent change in annual indexes from 2017 to 2018 [C / B]: 5.99/245.12=0.0244 or 2.44 percent
(E) Cost-of-living adjustment factor -- 100 percent of the percent change in the annual index from 2017 to 2018 (efffective 7/1/18): 2.44 percent
