2024 Cost Of Living Increase Rate 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 cost of living increased sharply across the uk during 2021 and 2022.
If it were to rise by 5.7%, it would be worth £233.80 a week (rounded to the nearest 5p) or £12,157.60 a year, which is a rise of over £655. The cost of living has risen in the uk and across the world since 2022.