Slight drop reported in August 2011 Municipal Cost Index
The costs of goods and services purchased by local governments decreased 0.1 percent from last month, according to American City & County’s Municipal Cost Index. The August 2011 Municipal Cost Index value of 222.7 is 4.9 percent higher than last year.
Most items tracked by American City & County showed only slight price changes in the last month. Asphalt felts and coatings showed the greatest increase, at 3.4 percent. Crude petroleum showed the greatest decrease, at 8 percent in the last month. Gasoline prices also decreased 4.7 percent last month.
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