The Consumer Price Index (CPI-W) for July rose to 644.3. This is an increase of 37.7 points above the May 2007 base of 606.6.
This represents a COLA increase of $1497 per annum, $57.58 per pay period or 72 cents per hour for a 40-hour route, and is increased proportionally for routes over 40 hours.
This increase will become effective on August 30, 2008, (Pay Period 19) in accordance with Article 9.1 .F.2 of the 2006-2010 National Agreement.
The next opportunity for additional COLA will be with the release of the January 2009 Consumer Price Index.