HomeMy WebLinkAboutCOLA CALCULATION SHEETCalculation of Cost of Living Adjustment (COLA)
Using the Consumer Price Index (CPI-U) for the Month of January
Fiscal Year
American City
and County
Bureau of
Labor
Statistics*
Percent Change
From Prior Year
COLA
Adopted Index Source
2007 192.400 202.416 4.00%American City and County Municipal Index
2008 201.300 211.080 4.28%2.10%American City and County Municipal Index
2009 206.100 211.143 0.03%4.30%American City and County Municipal Index
2010 208.400 216.687 2.63%0.00%American City and County Municipal Index
2011 215.100 220.223 1.63%3.10%American City and County Municipal Index
2012 223.800 226.665 2.93%1.60%American City and County Municipal Index
2013 227.400 230.280 1.59%2.90%American City and County Municipal Index
2014 230.600 233.916 1.58%2.00%CPI-U Urban Consumer Average City Index
2015 233.500 233.707 -0.09%1.61%CPI-U Urban Consumer Average City Index
2016 236.916 1.37%0.00%CPI-U Urban Consumer Average City Index
2017 239.460 242.839 2.50%1.28%CPI-U Urban Consumer Average City Index
2018 246.710 247.867 2.07%2.50%CPI-U Urban Consumer Average City Index
2019 251.430 251.712 1.55%2.07%CPI-U Urban Consumer Average City Index
2020 255.560 257.971 2.49%1.55%CPI-U Urban Consumer Average City Index
2021 277.238 1.40%2.49%CPI-U Urban Consumer Average City Index
2022 298.705 7.74%1.40%CPI-U Urban Consumer Average City Index
2023 Recommended 7.74%CPI-West Region Avg Urban Consumer Average City Index
Prior 10 Year Adopted Average Adopted 1.78%7.48 % for all city average from 2022 to 2023 January
11,295,213$
874,607$
5,882,885$
455,522$
CPI-U for West Region Average
https://www.bls.gov/regions/west/news-release/consumerpriceindex_west.htm
Largest over-the-year increase in the CPI-U for the West Region since June 1982. Food prices rose 7.4 %. Energy prices jumped 30.3 %, largely
the result of an increase in the price of gasoline. The index for all items less food and energy rose 6.2 percent over the year.
FY 22 Total Forecasted
Wages Affected by COLA
Total Increase If adopt
Recommended COLA in
Fiscal Year 2023
Approximately 49% of Wages in General Fund
General Fund Paid Wages
Affected by COLA
Increase in General Fund if
adopt Recommended COLA
in Fiscal Year 2023