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Thanks to your remark, Shane, And that i will make a Observe to evaluate that index when I Look at indices for fee adjustments, along with MCI, and so forth. Soon after Talking Together with the men and women at Bureau of Labor Figures, I are convinced this index could possibly be practical in comparing rate increases, but I don’t think that it is actually helpful in projecting money charges for utilities (I do think CCI is closer In case the funds projects include design applying concrete and steel). It really is better than employing CPI, which some utilities and engineering corporations may be working with, even whether it is a lot less-acknowledged. In lieu of having the CPI as a whole, you can split it aside and glimpse especially for the “drinking water and sewerage routine maintenance” ingredient that went into calculating the general CPI.
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