This office lease states the conditions of the annual rental rate currently specified to be paid by the tenant (the "Base Rent"). This shall be used as a basis to calculate additional rent as of the times and in the manner set forth in this form to be paid by the tenant.
The North Carolina Consumer Price Index (CPI) is an essential economic indicator that measures the changes in the average prices of goods and services purchased by households within the state. It provides valuable insights into the inflationary trends and cost of living variations in North Carolina over time. The CPI utilizes a basket of representative goods and services commonly consumed by households, giving policymakers, economists, and consumers a comprehensive understanding of price fluctuations and their impact on purchasing power. This index is divided into several categories, each representing a specific sector of consumer spending. These categories reflect the various areas that contribute to the overall cost of living. The major expenditure categories considered in North Carolina CPI include housing, transportation, food and beverages, medical care, education, communication, recreation, and apparel. By tracking price changes within these sectors, the CPI is able to reflect the relative weights of each category and measure the overall level of inflation. The North Carolina CPI provides several types of indexes tailored for different purposes. Firstly, there are the Items Consumer Price Index, which captures the overall price level changes across all categories. This index is widely used to calculate the inflation rate in North Carolina. Additionally, specialized indexes such as the Core Consumer Price Index exclude highly volatile items like food and energy, offering a more stable measurement of inflation, also known as "core inflation." Furthermore, the North Carolina CPI provides regional indexes that focus on specific urban areas within the state. These regional indexes, like the Charlotte-Gastonia-Concord Index or the Raleigh-Durham-Chapel Hill Index, offer more localized information on the cost of living, allowing for a deeper understanding of price variations specific to those areas. The North Carolina CPI is compiled by the North Carolina Department of Commerce, Labor and Economic Analysis Division. Data collection involves surveying retail establishments, service providers, and landlords, ensuring a representative sample of prices across the state. By conducting regular surveys, the CPI is updated monthly, keeping track of price movements and enabling timely economic analysis. In conclusion, the North Carolina Consumer Price Index is an important tool for understanding the changes in prices of goods and services consumed by households in the state. It provides policymakers, economists, and consumers with crucial insights into inflation, cost of living, and purchasing power. With various types of indexes catering to different needs, the North Carolina CPI is a comprehensive and localized measure of price fluctuations.
