Riverside County CPI (related to AB 1482)

[Sam M.]

Hi BiggerPockets members,

I am in the process of a rent increase for a multi-plex in Riverside County, California. The lease ends on June 30. I have done some homework on the CPI for Riverside County. According to the latest data on the California Department of Industrial Relations website, the data for Riverside County is only available through February 2021. From that data, I calculate the annual CPI in Riverside to be around 2% (Feb 2020 to Feb 2021).

However, if you look at the Bureau of Labor Statistics website, they published a report that came out on April 13, 2021 which states that the annual CPI for Riverside County as of March 2021 is 3.6%.

AB-1482 states that you must use the CPI data from April 1 of the prior year to April 1 of the current year from the United States Bureau of Labor Statistics. For Riverside, the data goes from March to March. My intent is to use the 3.6% CPI for rent increases this year based on the report from BLS. To find that report, search Google for "Consumer Price Index, Riverside Area – March 2021".

If you are raising rent in Riverside County, please share your thoughts on the CPI that you are using. What have you found?

I am not a lawyer, nor do I have any kind of license. Do not interpret what I write as advice or fact.