Cost Of Living Increase 2024 Uk. Goods inflation remains in negative territory at minus 0.6%, but that was an increase from minus 1.4% the previous month, driven in part by food inflation, which increased to 1.8%. The institute for fiscal studies said it found “cheapflation” between 2021 and 2023 hit households with tighter budgets.
Inflation measures the change in prices over. Some eight million families received a cost of living payment of £900 split into three instalments and the final instalment was paid between february 6, 2024 and february.