What is the CPI for Seattle?

What is the CPI for Seattle?

Prices in the Seattle area, as measured by the Consumer Price Index for All Urban Consumers (CPI-U), increased 0.6 percent for the two months ending in December 2021, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the CPI-U advanced 7.6 percent. (See chart 1 and table A.)

What is the current CPI rate for 2021?

From December 2020 to December 2021, consumer prices for all items rose 7.0 percent, the largest December to December percent change since 1981. Over the year, food prices increased 6.3 percent, a larger percentage increase than the 12-month increase of 3.9 percent in 2020.

What is Consumer Price Index for rent?

For the Rent index the CPI computes what it calls the economic rent that further adjusts for any changes in what the rent covers between collections. For example, if the rent no longer includes electricity, an estimate of the value of the electricity is added to the current period’s rent.

What is CPI for San Francisco?

Over the last 12 months, the CPI-U advanced 4.2 percent. (See chart 1 and table A.)…Area prices were up 0.8 percent over the past two months, up 4.2 percent from a year ago.

Month All items All items less food and energy
Dec 2020 2.0 1.4
Feb 2021 1.6 0.9
Apr 2021 3.8 2.9
Jun 2021 3.2 2.3

How much has the cost of living gone up in Seattle?

Did the Cost of Living in Seattle, WA increase in 2022? Seattle, WA area prices were up 2.8% from a year ago. The largest increases were found in Transportation, Food, and Housing.

What is the cost of living increase in Seattle?

The annual increase in compensation costs in Seattle was 6.3 percent in December 2021, compared to changes that ranged from 4.9 to 2.8 percent in the three other metropolitan areas in the West (Los Angeles, San Jose, and Phoenix).

How do I calculate CPI increase for rent?

The Initial Base Rent of the lease shall be increased on each June 1st by the increase in CPI over the Base Index. The Base Index is that value published immediately prior to the lease Commencement Date….CPI Example.

Index Date Index Value
April 2017 214.823

How much is CPI rent increase?

Currently, a percentage rent increase rate could fall anywhere between: 2% (this is near the consumer price index); and. 5% (this is on the high side of the market).

How do you calculate CPI for rent increase?

And now apply it to our numbers. The $710.00 represents the increase caused by the change in CPI so, effective 06/01/2015, the annual base rent would be $20,710 and would be up for re-calculation on 06/01/2016….CPI Example.

Index Date Index Value
April 2015 201.50
April 2016 206.686
April 2017 214.823