Cost Of Living Inflation Rate 2024 Uk

Cost Of Living Inflation Rate 2024 Uk. Uk inflation has fallen a long way from the heady figures witnessed at the end of 2022. In january 2024, around half of households in the uk reported that their cost of living had increased when compared to a year earlier.

It’s good news that inflation has returned to our 2% target and inflationary pressures have eased since we cut interest rates in august. Ultimately, the rate of inflation determines the cost of living, and that’s something that matters to all of us on a daily basis.