Common use of CPI Formula Clause in Contracts

CPI Formula. Effective July 1, 2014, each of the steps in the 16 wage scale in effect on June 30, 2014 shall be increased by the percentage increase in 17 the Portland Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI 18 W) second half of 2012 to second half of 2013, with a minimum increase of two percent 19 (2%) and a maximum increase of four percent (4%).

CPI Formula. Effective July 1, 2014, each of 2015 the steps in rates and ranges 22 covered by the 16 wage scale Agreement and in effect on June 30, 2014 2015, shall be increased by the 23 percentage increase in 17 the Portland Consumer Price Index index for Urban Wage Earners and 24 Clerical Workers (CPI 18 CPI-W) ), second half of 2012 2013 to second half of 20132014, with a minimum 25 increase of two percent 19 (2%) and a maximum increase of four percent (4%).