Uk Cost Of Living Increase 2024. As of january 2024, just over half of uk households were still reporting that their cost of living had increased compared with a year earlier. Uk inflation has fallen a long way from the heady figures witnessed at the end of 2022, but it’s creeping up again.
That is a lot lower than its peak during the cost of living crisis. Uk inflation data comes after wage growth quashed any last expectation for a final 2024 rate cut from the bank of england.