MUNICIPAL COST INFLATION REMAINS STEADY
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, make informed government contract decisions, and facilitate sound budget planning.
According to American City and County magazine, the MCI for November was 206.5, the same as last month’s MCI, but still a decline of 3.8 percent over the previous 12 months. The November 2008 MCI was 214.6.