Enter the previous term rent ($) and the CPI over the past year (%) into the calculator to determine the New Rent From CPI.

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## New Rent From CPI Formula

The following formula is used to calculate the New Rent From CPI.

NR = PR + PR * CPI/100

- Where NR is the New Rent From CPI ($)
- OR is the previous term rent ($)
- CPI is the CPI over the past year (%)

To calculate new rent from CPI, multiply the previous rent by the CPI over the last year, then add the result to the previous terms rent.

## How to Calculate New Rent From CPI?

The following example problems outline how to calculate New Rent From CPI.

**Example Problem #1:**

- First, determine the previous term rent ($). In this example, the previous term rent ($) is given as 1500.
- Next, determine the CPI over the past year (%). For this problem, the CPI over the past year (%) is given as 6.
- Finally, calculate the New Rent From CPI using the equation above:

NR = PR + PR * CPI/100

The values given above are inserted into the equation below:

NR = 1500 + 1500*6/100 = 1590 ($)

**Example Problem #2: **

The variables needed for this problem are provided below:

previous term rent ($) = 1600

CPI over the past year (%) = 4

Entering these values and solving gives:

NR = 1600 + 1600* 4/100 = 1664 ($)