MUNICIPAL COST INFLATION STILL RISING
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 June was 211.6. That’s 0.5 percent higher than last month’s MCI and an increase of 3.7 percent over the previous twelve months. The June 2009 MCI was 204.0.