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 (\$)