MUNICIPAL COST INFLATION RISES SLIGHTLY FOR THE MONTH
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 October was 206.5, an increase of 0.5 percent over last months MCI, but still a decline of 3.9 percent over the previous 12 months. The October 2008 MCI was 214.8.