Updated CPI Data for Rental Units Subject to Statewide Rent Control (A.B. 1482)

Industry News,

The U.S. Department of Labor has released updated Consumer Price Index for the year ending April 1, 2020 and the year ending May 31, 2020 for certain areas. Under Assembly Bill 1482, rental units subject to California’s rent control and tenant protection legislation are entitled to increase rent by five percent (5%) plus the change in the regional Consumer Price Index (CPI). The Consumer Price Index relative to the Los Angeles – Long Beach area is 0.7%, so the maximum allowable increase for rental units subject to Assembly Bill 1482 would be 5.7%.

Several of the regional indexes covered by CPI are measured from May 2019 to May 2020. The May CPI report was published on June 10, 2020 and included in the chart below.

All CPI data is produced by the U.S. Bureau of Labor Statistics. You can access the CPI data for free at: https://www.bls.gov/regions/west/news-release/consumerpriceindex_losangeles.htm. The table with the most up to date CPI data follows below:

You can learn more about Assembly Bill 1482 on our website under “Statewide Rent Control” at https://aagla.org/resources/ or by clicking the links below: