MUNICIPAL COST INFLATION CONTINUES TO DECLINE
The Municipal Cost Index (MCI), developed exclusively by American City and County magazine, shows the effect of inflation on the cost of providing municipal services. The MCI is used to study price trends, help control price increases for commodities, make informed government contract decisions, and facilitate sound budget planning.
According to American City and County magazine, the MCI for September was 205.4, a decline of 0.4 percent from last month’s MCI, and a decline of 4.3 percent during the previous 12 months. The September 2008 MCI was 214.7.