Non-resident hunters in Colorado will pay $5 less for deer and bull elk licenses to reflect a slight reduction in the federal consumer price index for the Denver-Boulder area.

Out-of-state hunters will now pay $485 for a bull or either-sex elk licenses and $290 for a deer license. Cow elk licenses will continue to cost non-residents $250.

The price of non-resident deer and elk licenses is adjusted annually under a state statute approved by the Colorado Legislature in 2001. The price typically increases slightly, but 2005 will be the first year the price has declined.