Cost Of Living 2024 Increase Uk. Making work pay with a new deal for working people. The consumer prices index including owner occupiers’ housing costs (cpih) rose by 3.1% in the 12 months to july 2024, up from 2.8% in june 2024.

Food and energy prices rose markedly, particularly gas prices, partly in response to the conflict in ukraine. By 2024, living costs should be increasing by less than household incomes as inflation rates fall.