CONSUMER PRICE INDEX (CPI)

 

Cost-of-Living Adjustment for County Officials' Salaries for Fiscal Year 2018-2019


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 2017: 245.12



(B) Annual CPI-U index (annual average) for calendar year 2016: 240.0



(C) Index point change for 2016 to 2017 [A - B]: 245.12– 240.0= 5.12



(D) Percent change in annual indexes from 2016 to 2017 [C / B]: 5.12/240.0=0.0213 or 2.13 percent



(E) Cost-of-living adjustment factor -- 100 percent of the percent change in the annual index from 2016 to 2017 (efffective 7/1/18): 2.13 percent



PDF of Cost-of-Living Adjustment for County Officials' Salaries for FY 2018-2019


Information about the Consumer Price Index (CPI)