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 South Carolina Consumer Price Index (CPI) is an economic indicator that measures changes in the price level of goods and services purchased by households in South Carolina over time. It provides valuable insight into the overall cost of living and inflation trends in the state. The data collected for CPI calculations cover a broad spectrum of consumer expenditures, including housing, transportation, food, medical care, education, and various other goods and services. In South Carolina, there are two primary types of Consumer Price Index: the Urban Consumer Price Index (CPI-U) and the Items Consumer Price Index for All Urban Consumers (CPI-U All Items). 1. Urban Consumer Price Index (CPI-U): The Urban CPI measures changes in prices paid by urban consumers residing in South Carolina's metropolitan areas. It focuses on both wage and clerical workers, professionals, the self-employed, retirees, and the unemployed. The CPI-U captures expenditures relating to rental and homeowner's equivalent (rental) cost of shelter, transportation, medical care services, education, personal care products, recreation, and other goods and services consumed by urban households. 2. Consumer Price Index for All Urban Consumers (CPI-U All Items): The CPI-U All Items includes the broader population of both urban and rural consumers in South Carolina. It encompasses the prices paid by residents across various regions, including major cities and rural areas. The CPI-U All Items considers an extensive range of goods and services, such as housing, energy, food and beverages, apparel, transportation, medical care, recreation, education, communication, and other miscellaneous items commonly consumed by households. These types of South Carolina CPI help policymakers, businesses, and consumers make informed decisions by reflecting changes in the cost of living. The CPI serves as a crucial tool for indexing wages, Social Security benefits, retirement income, tax brackets, and other economic variables, ensuring adjustments are aligned with real-world price fluctuations. Moreover, the South Carolina CPI serves as an essential benchmark for businesses to monitor price changes, forecast sales, and adjust pricing strategies accordingly. Overall, the South Carolina Consumer Price Index provides valuable data on inflation trends and cost-of-living changes within the state, enabling individuals and organizations to stay informed and make informed financial decisions.
