Cost Of Living Increase 2024 Uk. Among trading businesses, more than 1 in 6 (18%) expect to increase the price of goods or services they sell in january 2024, according to our latest business. The latest figures mean that prices are now rising faster across the uk than in previous months, but still at a slower pace than in 2022 and 2023 when households.

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. It expects inflation, which measures how the cost of living changes over time, to peak in april at 8.3%.