All monetary amounts referenced in this chapter shall be adjusted annually by the
Director following publication of the preceding year's annual Consumer Price Index.
Monetary amounts shall be adjusted by the preceding year's percentage change in the
annual Consumer Price Index for all urban consumers (CPI-U) Seattle-Tacoma-Bremerton,
WA metropolitan area, All Items, (1982-84 = 100), or a successor index thereto, as
determined by the U.S. Department of Labor, Bureau of Labor Statistics. The intent
of this adjustment is to eliminate the effects of inflation or deflation on purchasing
power and the authority granted by this chapter. All such monetary amounts, as adjusted,
shall be rounded upwards to the nearest thousand dollars.