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Comparison of Median Past Rate Increases to Median of Projected Future Rate Increases

Comparison of Median Past Rate Increases to Median of Projected Future Rate Increases

According to 2012 survey data, projected rate increases for the next two fiscal years are similar to the annualized past rate increases, especially that of FY 2013. This is different behavior from the previous survey results where the next year’s (FY 2011) projected rate increase is markedly higher than what the annualized prior rate increases were calculated.