The CPI figure for January was released on February 21, 2023. Per the Collective Agreement, the following calculation will apply:
October 2022 157.8
January 2023 156.7
Difference -1.1
Divide difference by .063 = -$0.17
Effective February 26, 2023, COLA will be $2.40 per straight-time hour worked, as it was previously $ 2.57.