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

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 (%) 

How to Calculate New Rent From CPI?

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

Example Problem #1:

  1. First, determine the previous term rent ($). In this example, the previous term rent ($) is given as 1500.
  2. Next, determine the CPI over the past year (%). For this problem, the CPI over the past year (%) is given as 6.
  3. 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 ($)