Cost Of Living Increase 2024 Uk Percentage. The 9.7% increase to the national living wage today keeps the government on track to achieve its manifesto commitment for the national living wage to equal two. By 2024, living costs should be increasing by less than household incomes as inflation rates fall.

Read more about the expected cost of living changes in 2024 for the uk and learn how to cope with financial storms on the shepherds friendly blog. Food and energy prices rose markedly, particularly gas prices, partly in response to the conflict in ukraine.