Bureau of Labor Statistics Announces New CPI Adjustment

Posted By: Chip Ahlswede

Orange County CPI set at 7.9%. Maximum allowable rent increases now 10%.

The Bureau of Labor Statistics has announced the 12-month (April 2021 - April 2022) adjustment in the Consumer Price Index for the Los Angeles - Long Beach - Anaheim (Orange County) Region has been set at 7.9%.

The adjustment provides the basis upon which maximum rent increases in the region can be set for rental properties that are subject to California's statewide rent cap established by AB 1482. Based on the CPI adjustment, rent increases will be capped at the maximum allowable 10% for the next year.

For additional information and AAOC member guidance, click here or contact Chip Ahlswede at chip@aaoc.com.