In
Effect as of 12 Noon, Thursday, October 1, 2009
Recently
Completed Quarter Calculation = –1.0%
(negative one percent)
(2nd
Quarter: April, May, June 2009)
Next scheduled update: January 2010
The
index rate is based on the most recently
completed quarter calculation and the calculation from the same
quarter of the previous year. The rate of change between the quarters
of the two years is the “rate.”
This is the first quarter that has resulted in a decrease
in the rate. In order to
calculate the amount of the reduction, multiply the contract rates
by 0.99 (or 99%).
Note: The most recently
completed quarter calculation is effective as of noon on the date
posted.
The Division makes every effort to post the most recently completed
quarter calculation as close to the scheduled update. However, if
a contract is due to expire near the end of a quarter, a local contracting
unit can check the calculation using the data from the U.S. Department
of Commerce’s Bureau of Economic Analysis’ website at:
http://www.bea.gov/national/nipaweb/SelectTable.asp?Selected=Y
History
Find out more . .
Page update: March 31, 2009
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