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.
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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