Bureau of Business and Economic Research, Consumer Price Index

Cost-of-Living Adjustment for County Officials' Salaries for Fiscal Year 2007-2008

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 (198-84-100):

(A) Annual CPI-U index (annual average for calendar year 2006: 201.6

(B) Annual CPI-U index (annual average for calendar year 2005: 195.3

(C) Index point change for 2005 to 2006 [A - B]: 201.6 - 195.3 = 6.3

(D) Percent change in annual indexes from 2005 to 2006 [C / B]: 6.3/195.3 = .032 or 3.2 percent

(E) Cost-of-living adjustment factor -- 100 percent of the percent change in the annual index from 2005 to 2006 (efffective 7/1/07): 3.2 percent

Information about the Consumer Price Index (CPI)

• CPI: Bureau of Labor Statistics
• CPI-Urban
• Montana Department of Labor and Industry