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That's exactly how TIPS work if you hold to maturity. If you buy a 10-year TIPS note at issue for 1000, and CPI-U increases 50 over the ten years, your note will mature at a value of 1500. Also, every six months you get a coupon. Today's real yield on a 10-year TIPS note is 1.84, so the first coupon will be 9.20. That coupon also gets an inflation adjustment, so in this example the last ... This aspect of Tips For High School Freshman Sophomore Junior Senior Years plays a vital role in practical applications.
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