Examples of CPI in a sentence
This method is defined as subtracting the base period index value (at the time of initial award) from the index value at time of calculation (latest version of the CPI published as of the date of request for price adjustment), divided by the base period index value to identify percentage of change, then multiplying the percentage of change by 100 to identify the percentage change.
Price adjustment shall be calculated by applying the simple percentage model to the CPI data.
Formula is as follows: Current Index – Base Index / Base Index = % of Change % of Change x 100 = Percentage Change CPI-U Calculation Example: CPI for current period 232.945 Less CPI for base period 229.815 Equals index point change 3.130 Divided by base period CPI 229.815 Equals 0.0136 Result multiplied by 100 0.0136 x 100 Equals percent change 1.4% A price increase may be requested only at each time interval specified above, using the methodology outlined in this section.
Effective March 1, 2023 4% Effective July 1, 2023 3% Effective July 1, 2024 3% Effective July 1, 2025 2% + 1% CPI* TOC rates to be adjusted the same as the Tutorial Staff salary grid.
ENGINEER: COUNTY: By: By: Signature Signature Xxxxxx Xxxxx Printed Name Printed Name Senior Vice President Title Title October 3, 2023 Date Date EXHIBIT D-5 RATE SCHEDULE CPI Rate Adjustments: Rates will remain firm for the initial first year of the Contract and such rates shall be deemed the “Initial Base Rates”.