2024 Cost Of Living Increase Rate

2024 Cost Of Living Increase Rate. Labor department data published on september 11, 2024. In the year to january 2024 the annual cpih inflation rate was 4.2%, unchanged from the previous two months.

Overall, these features of the data mean that comparisons of prices further back in time and over long periods are less accurate than comparisons over short periods in recent years. The consumer prices index including owner occupiers’ housing costs (cpih) rose by 3.1% in the 12 months to august 2024, unchanged from july.