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Comment on Using the CPI for rate increase  

May 10, 2024
Comment on Using the CPI for rate increase from article on April 30, 2024
          I am a little surprised that more clients did not ask for a CPI basis for increases.
          The way of doing the calculations is as follows:
CPI-U for the month contract signed
CPI-U for the month the calculation is done
  Percentage difference (up or down)
Example -
CPI-U  March 2014       236.293
CPI-U   March 2024    312.332
   312.332-236.293 = 76.039
   76.039/236.293 = 32.18% increase over this period
Barren V
          Do you think that’s easier than just using 9% per annum, which the Standard Form Agreements use?  I don’t.  I think the CPI can be confusing as hell, and many alarm company owners won’t be able to find the CPI, figure out which CPI they need and get the calculations for the start and finish dates. 
          My guess is that if your alarm contract has CPI increases it has all kinds of other provisions that I won’t like; you won’t like them either. 
          Here’s a better idea.  Get and use Standard Form Agreements and stop swimming up-stream.  As you get older [and old] you get to really appreciate Bob Seger’s sage advice about “running against the wind”.

STANDARD FORMS  Alarm /  Security / Fire and related Agreements
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Ken Kirschenbaum,Esq
Kirschenbaum & Kirschenbaum PC
Attorneys at Law
200 Garden City Plaza
Garden City, NY 11530
516 747 6700 x 301