Cost Adjustments per Increase in CPI. Prices for the first annual period of the contract will be firm and unchanging. Prices for the remainder of the contract will be subject to the U.S. Department of Labor Consumer Price Index (CPI) for the month of March in each succeeding year of the contract. Prices will be rounded to the nearest dollar.
Cost Adjustments per Increase in CPI. After the contract’s initial term and if the State agrees to a renewal, the parties may agree upon annual pricing adjustments during a renewal based on the cost of living as reflected in the Federal Bureau of Labor Statistics, Consumer Price Index (CPI) for all Urban Consumers (see xxxx://xxx.xxx.xxx/cpi/ for reference) or any other index that may be substituted in the future. The CPI for the last 12-month period of the contract shall be the CPI base on which later adjustments are computed, and the original CPI base shall be the index announced for the month in which the contract was signed. The allowable percentage change shall be calculated as follows:
