Common use of CPI Adjustments Clause in Contracts

CPI Adjustments. At the start of Contract Year 3 and Contract Year 5, the Contractor’s Hourly Wage Rates in Appendix D will be subject to an increase equal to the percentage increase, not to exceed 3%, in the Consumer Price Index (CPI) for all urban consumers (CPI-U) as published 90 days prior to the anniversary date for the preceding 24 month period by the U.S. Department of Labor, Bureau of Xxxxx Xxxxxxxxxx, Xxxxxxxxxx X.X. 00000. In the event the CPI reflects a negative adjustment, the hourly rates for the preceding twenty-four month period will remain flat. The index is also available through the Internet at the Bureau of Labor Statistics web site at xxxx://xxxxx.xxx.xxx/. Go to “Inflation and Consumer Spending” then click "Consumer Price Index" and then click on “Tables created by BLS” then click on “Table Containing History of CPI-U U.S. All Items Indexes and Annual % Changes 1913 to Present.”

CPI Adjustments. At the start of Contract Year 3 and Contract Year 5, the Contractor’s Hourly Wage Rates in Appendix D will be subject to an increase equal to the percentage increase, not to exceed 3%, in the Consumer Price Index (CPI) for all urban consumers (CPI-U) as published 90 days prior to the anniversary date for the preceding 24 month period by the U.S. Department of Labor, Bureau of Xxxxx XxxxxxxxxxLabor Statistics, Xxxxxxxxxx X.X. 00000Washington D.C. 20212. In the event the CPI reflects a negative adjustment, the hourly rates for the preceding twenty-four month period will remain flat. The index is also available through the Internet at the Bureau of Labor Statistics web site at xxxx://xxxxx.xxx.xxx/. Go to “Inflation and Consumer Spending” then click "Consumer Price Index" and then click on “Tables created by BLS” then click on “Table Containing History of CPI-U U.S. All Items Indexes and Annual % Changes 1913 to Present.”