A Consumer Pricing Index (CPI) tracks the average change in prices over a certain amount of time. These indexes can then be used to determine the next price increase on a contract when an escalation is set to occur. When used with contract price escalations, Kube takes the higher percentage between the set price escalation and the CPI. For more information about setting a default price escalation percentage, see Setting property default contract options.
This article describes adding a CPI.
NOTE: Depending on your assigned role and permissions, and the version of Kube your organization uses, some or all of these menus or services may not be available or displayed.
Adding a new pricing inflation index (CPI)
Select your Personal Profile in the top menu and select System Settings from the drop-down menu. The Operator Profile screen appears.
Select Pricing Management in the side menu. The Pricing Forecasts menu appears.
Select the Pricing Inflation Indexes (CPI) tab. Click Add. The New CPI slide out menu appears.
Complete the fields. See the end of this article for a screen reference.
Click Save.
New CPI screen reference
Country | Select the country the CPI is tracked from. |
Exclude Properties | If the CPI is not applicable to a property from the selected country, select those properties here. The CPI option does not appear in contracts for properties selected in this field. |
Default | Select the main CPI the country follows. |
CPI | Enter the name or the acronym of the CPI. |
Percentage | Enter the CPI percentage. |
Adjustment | Enter by how much the base CPI percentage is adjusted. These two numbers are added together for the final CPI percentage total. |