2024 Cost Of Living Increase Uk. Inflation has returned broadly to target since april 2024, at around 2%, however high inflation since the end of 2021 has baked in higher prices in areas such as food, and other costs such as energy are rising again. This is caused by a complex economic picture of high prices and recovering wages:
Household bills, groceries, mortgages and rents have all hit record highs, as the country navigates the ongoing cost of living crisis. This was according to those asked between 17 and 28.
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