2024 Cost Of Living Increase Rates Uk. We held our interest rate at 5% on thursday 19 september. This report sets out what the cost of living crisis is, what is driving it, and how the squeeze on disposable incomes is likely to be felt across the uk’s cities and largest towns.

The average cost of essentials 2 is forecast to stabilise, following a rapid increase of 24% between 2021 and 2024. Between 1997 and 2021, cpi.