Rent Control CPI Chart

Pursuant to §402-21 of the Rent Control Section of the Township Code, the maximum permissible annual rent increase is 3.0%, or the percentage difference between the consumer price index three months prior to the expiration or termination of the lease and three months prior to the commencement of the lease term, whichever is greater.

Exception for qualified senior [or disabled] tenants. For dwelling units in which at least one tenant is [at least] 62 years of age [or older or is receiving social security disability benefits], the maximum annual permissible rent increase shall be equal to [3.0%, or] the percentage difference between the consumer price index three months prior to the expiration or termination of the lease and three months prior to the commencement of the lease term, [whichever is less]

Lease commencement month* JAN FEB MAR APR MAY JUNE JULY AUG SEPT OCT NOV DEC
2021 1.76% 1.51% 1.76% 1.39% 1.66% 2.12% 3.29% 3.21% 4.26% 3.73% 4.02% 4.24%
2022 4.86% 5.5% 4.97% 5.82% 5.71% 6.79% 6.77% 6.97% 7.87% 6.99%

*CPI for the Lease Commencement Month is calculated percentage difference between the consumer price index three months prior to the expiration or termination of the lease and three months prior to the commencement of the lease term (i.e. for leases that commence in July, the percentage change between April of the previous year and April of the current year is used)

CPI Increases are released monthly by the Bureau of Labor Statistics (see schedule).

SOURCE: Bureau of Labor Statistics