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 Puerto Rico Consumer Price Index (CPI) is a crucial indicator used to measure changes in the average prices of goods and services purchased by consumers in Puerto Rico over time. It provides valuable insights into the inflation rate and cost of living in the territory. The Puerto Rico CPI is calculated and published by the Puerto Rico Institute of Statistics (PARIS). The CPI is constructed by collecting data on thousands of items from representative markets across Puerto Rico. These items, known as the market basket, include various goods and services consumed by individuals and households, such as food, housing, transportation, healthcare, education, and other essentials. The prices of these items are monitored periodically to track fluctuations and estimate the rate of inflation. In Puerto Rico, there are two principal types of CPI: the Consumer Price Index for All Urban Consumers (CPI-U) and the Consumer Price Index for Urban Wage Earners and Clerical Workers (CPI-W). The CPI-U encompasses the entire urban population, including professionals, self-employed individuals, the unemployed, and retirees. On the other hand, the CPI-W focuses specifically on urban wage earners and clerical workers. Both CPI indices are crucial tools for measuring inflation, but they differ slightly in terms of the population they represent and the weights assigned to various expenditure categories. The CPI-W generally has a higher representation of housing and transportation costs, as these expenses tend to make up a significant portion of the budget for wage earners and clerical workers. The Puerto Rico CPI data is used by policymakers, economists, businesses, and consumers to make informed decisions related to economic planning, investment strategies, contracts, and financial management. It allows individuals to understand the impact of price changes on their purchasing power and enables businesses to adjust pricing strategies accordingly. In conclusion, the Puerto Rico Consumer Price Index is a vital economic tool that measures fluctuations in the average prices of goods and services consumed by individuals and households. The CPI-U and CPI-W are the two main types of CPI in Puerto Rico, providing insights into inflation rates and helping stakeholders navigate economic dynamics effectively.
