Cost Of Living Increase 2024 Rate

Cost Of Living Increase 2024 Rate. Gross rent as a share of household income in the u.s. In the year to january 2024 the annual cpih inflation rate was 4.2%, unchanged from the previous two months.

Due to inflation, the cola is rising this year, so the 66 million social security beneficiaries will see a higher benefit starting in january of next year. Inflation is slowing, but some key household essentials are still seeing elevated price increases.