CPI Update for 2024 - 2025

Date postedMay 16, 2024
Posted By: Chip Ahlswede Industry, Legislative Affairs, Advocacy Updates,

The Bureau of Labor Statistics (BLS) released its April 2024 CPI adjustments which are used to calculate maximum allowable rent increase percentages under AB 1482.

For Orange County, the CPI adjustment for calculating rent increases has been set at 3.9% - for a total maximum rent increase of 8.9%. 

For Riverside and San Bernardino Counties, the March 2023 CPI adjustment for calculating rent increases has been set at 4.3% - for a total maximum rent increase of 9.3%.

These percentages will be in effect from August 1, 2024 through July 31, 2025 for rentals that are subject to AB 1482.

For additional details on the handling of rent increases, click here - https://www.aaoc.com/cpi-updates.

For additional details on the Bureau of Labor Statistics' CPI calculations, click here - Consumer Price Index Overview Table – West : Western Information Office : U.S. Bureau of Labor Statistics (bls.gov) 

Categories

Community Industry Legislative Affairs Advocacy Updates Voter Registration

Most Recent Posts

Rental Housing Industry Scores Big State Election Wins Date postedNovember 6, 2024Posted by Chip Ahlswede AAOC Election Recommendations Date postedSeptember 30, 2024Posted by Chip Ahlswede AAOC Opposes Proposition 33 – Repealing Costa Hawkins Date postedJuly 22, 2024Posted by Chip Ahlswede Run For Office - Be the Difference You Want to See Date postedJuly 15, 2024Posted by Chip Ahlswede AAOC Notches Major Win in Defeating AB 2216 Date postedJune 24, 2024Posted by Chip Ahlswede