MEMBERS
Humboldt Bay Harbor District
Port of Hueneme
Port of Long Beach
Port of Los Angeles
Port of Oakland
Port of Redwood City
Port of Richmond
Port of San Diego
Port of San Francisco
Port of Stockton
Port of West Sacramento
CALIFORNIA ASSOCIATION OF PORT AUTHORITIES
CaliforniaPorts.org
OFFICERS
Danny Wan
President
Kristine Zortman
Vice President
Wei Chi
Treasurer
Martha Miller
Executive Director
MEMORANDUM
TO: CAPA Tariffs and Practices Committee Members
FROM: Martha Miller, CAPA Executive Director
RE: West Region Consumer Price Index for All Urban Consumers (CPI-U) General Rate Increase (GRI) – 6.2%
DATE: January 13, 2023
The Bureau of Labor Statistics has identified a 6.2% increase in the West Region Consumer Price Index (CPI-U) for the 12-month period ending December 2022. A link to the Bureau website with CPI details can be found here. CAPA’s policy relating to rate increases is as follows:
All member ports within the California Association of Port Authorities (CAPA) will consider implementing an annual General Rate Increase (GRI) based on the Bureau of Labor Statistics West Region Consumer Price Index for All Urban Consumers (CPI-U), or other local or regional CPI indices. CAPA will provide the CPI-U change for the 12-month period ending December of each year. If implementing, member ports will apply the GRI on July 1st of each year or according to their individual fiscal calendars. Ports will provide 30-day notice prior to implementation and may exercise individual hold downs on select tariffs.
Participating CAPA members will use the CPI-U or other local or regional CPI indices –whichever is lower – as the “floor” for implementing a general rate increase this year.
Sincerely,
Martha Miller
Executive Director
California Association of Port Authorities