The CPI figure for October was released on November 21, 2023. Per the Collective Agreement, the following calculation will apply:
July 2023 161.1
Oct 2023 160.6
Difference (0.5)
Divide difference by .063 = ($0.07)
Effective December 3, 2023, COLA will be $3.02 per straight-time hour worked, as it was previously $3.09.