Slight uptick in October Municipal Cost Index
Last month, the Producer Price Index dropped, but the overall costs of goods and services purchased by local governments increased 0.1 percent, according to American City & County’s Municipal Cost Index. The October 2011 Municipal Cost Index value of 223.6 is 5.1 percent higher than last year.
Most items tracked by American City & County showed only slight price changes in the last month. Coal showed the greatest increase, at 2.3 percent. Crude petroleum showed the greatest decrease, at 11.3 percent in the last month. Diesel fuel (No. 2) also decreased 5.9 percent last month.
Read the entire story from American City and County, our sister publication.