How the Consumer Price Index (CPI) Impacts HOA Assessments
As we all know, rising inflation means a rise in costs for the things we want or need - no one likes to see the prices increase for food, airfare, education, or gas. Rising inflation can also lead to an increase in your HOA or community association assessments. It is wise to consult with your community management company to see how they can leverage their financial and budget expertise to help provide guidance to your association.
To help you take those first steps in the right direction, we have compiled some information on the basics of the Consumer Price Index
to give you a better understanding of what it is and what you should consider before getting started.