August 2010 Municipal Cost Index shows little change
American City & County’s Municipal Cost Index for August 2010 is available now. With a value of 212.2, the Municipal Cost Index is 2.9 percent higher than last year and has increased very slightly from the July value of 212.1.
The Municipal Cost Index, developed exclusively by American City & County, is designed to show the effects of inflation on the cost of providing municipal services. State and local government officials rely on American City & County’s Municipal Cost Index to stay on top of price trends, help control price increases for commodities, make informed government contract decisions and intelligent budget planning. Since 1978, readers have loyally referred to the Municipal Cost Index to determine the cost of inflation and, hence, the rising cost of doing business as a local government.
For a complete archive of the index since 1978, visit www.americancityandcounty.com/mciarchive.