Calculating CPI Increases

Introduction

When developing an annual budget for your organisation, it is essential to account for inflation so that your projected costs remain accurate. This resource provides a practical overview of the Consumer Price Index (CPI)—which tracks changes in the average cost of everyday goods and services like rent, utilities, and insurance.

Inside this quick guide, you will find a straightforward, three-step process to help you locate current inflation rates and correctly calculate CPI increases for your upcoming budget expenses. It also includes practical tips on handling decimal places, ensuring transparency in your budget notes, and managing specific costs like mileage reimbursements.