`13044
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`EXHIBIT 4
`[UNREDACTED PUBLIC VERSION]
`
`
`
`Case 1:19-cv-01410-MN Document 330-4 Filed 10/17/24 Page 2 of 2 PageID #:
`13045
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`Annual Inflation and Impact of Unexpected Increases 2021 to 2024
`
`Federal Reserve Bank of Minneapolis - Reporting of Annual CPI and Inflation Rate
`
`Year
`
`Annual Average
`CPI(-U)
`
`Annual Percent
`Change
`(rate of inflation)
`
`Average Price/Cost Increase
`2007 to 14 2007 to 20 2021 to 24
`
`2007
`2008
`2009
`2010
`2011
`2012
` 2013
` 2014
` 2015
` 2016
` 2017
` 2018
` 2019
` 2020
` 2021
` 2022
` 2023
` 2024
`
`207.3
`215.3
`214.5
`218.1
`224.9
`229.6
`233
`236.7
`237
`240
`245.1
`251.1
`255.7
`258.8
`271
`292.7
`304.7
`314.4
`
`2.90%
`3.80%
`-0.40%
`1.60%
`3.20%
`2.10%
`1.50%
`1.60%
`0.10%
`1.30%
`2.10%
`2.40%
`1.80%
`1.20%
`4.70%
`8.00%
`4.10%
`3.20%
`
`2.04%
`
`1.80%
`
`5.00%
`
`*An estimate for 2024 is based on the change in the CPI from second quarter 2023 to second quarter 2024.
`
`https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator/consumer-price-index-1913-
`
`Impact on base prices after 4 years of 5% inflation compared to expected 2% inflation
`
`Approximate Price/Cost Escalation of 12.3%:
`
`2% Level 5% Level
`(1)
`(2)
`100.0
`100.0
`102.0
`105.0
`104.0
`110.3
`106.1
`115.8
`108.2
`121.6
`
`Year 1
`Year 2
`Year 3
`Year 4
`
`Impact
`(3)=(2)/(1)
`
`1.123
`
`Highly Confidential - Attorneys' Eyes Only
`
`Exhibit 4
`
`