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FORMULA FOR MEASURING DECLINE IN
CONSTRUCTING A COST OF LIVING CLAUSE
AN EXAMPLE COLLECTIVE BARGAINING
adjustment amounts Adjustment Date adjustment intervals adjustment period applied April average hourly wage base period base rates base wage rates Bureau of Labor buying power calculations cents per hour Chapter Chart cm cm cn cn cn COLA clause COLA system Combined Consumer Price computed Consumer Price Index cost of living Cost-of-Living Adjustment cost-of-living allowance CPI numbers CPI-W December l974 December l978 decimal place Department of Labor effective date formula hourly wage rate Index numbers Index published inflation January job classifications June l967 dollars LABOR CENTER NOTES Labor Statistics living adjustment Living Allowance living clause market basket month monthly adjustment MULTIPLIED BY l00 nearest cent negotiated Pay Grade payable percent percentage change percentage COLA percentage increase percentage system point changes point system points of change price of milk quarterly adjustment revision rounded SAMPLE CLAUSE SECOND COLA specified Statistics Canada TECHNOREX U.S. Department wage bill wage increases weighted average hourly