2024 Cost Of Living Increase Estimated Cost. The annual inflation rate for the united states was 2.6% for the 12 months ending october, compared to the previous rate increase of 2.4%, according to u.s. The cost of living has risen in the uk and across the world since 2022.
The senior citizens league said wednesday that the social security cost of living adjustment, or cola, will likely be 3.2% for 2024. In the case of recurring household costs, rents and home sales, the 2024 data cited is current through last month and it is compared to the same month in prior years dating.