CONSUMER PRICE INDEX (CPI)

 

Cost-of-Living Adjustment for County Officials' Salaries for Fiscal Year 2016-2017


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 2015: 237.0



(B) Annual CPI-U index (annual average) for calendar year 2014: 236.7



(C) Index point change for 2014 to 2015 [A - B]: 237.0 - 236.7 = 0.28



(D) Percent change in annual indexes from 2014 to 2015 [C / B]: 0.28/236.7=0.0012 or 0.12 percent



(E) Cost-of-living adjustment factor -- 100 percent of the percent change in the annual index from 2014 to 2015 (efffective 7/1/16): 0.12 percent



PDF of Cost-of-Living Adjustment for County Officials' Salaries for FY 2016-2017


Information about the Consumer Price Index (CPI)