Global Definitions Database

Access, learn and discover all terms related to the non-listed real estate sector.

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Consumer Price Index (CPI)

Measures inflation in relation to the change in the price of goods and services purchased by a specified population during a base period of time; commonly used to increase the base rent periodically as a means of protecting the landlord's rental stream against inflation or to provide a cushion for operating expense increases for a landlord unwilling to undertake the record-keeping necessary for operating expense escalations.

Source: NCREIF | Date: 02 September 2025 | ID: D1004 | Version: 1