Cost Of Living Increase 2024 Uk Percentage. The extent of inflation within the uk is made tangible by the foundation’s latest report, which shows how a single working adult living in the uk needs to earn at least £293.28 each week in. 3 in 5 workers (60%) said their incomes hadn’t kept up with inflation throughout 2023, according to bankrate’s pay raise survey.

The cost of living increased sharply across the uk during 2021 and 2022. Thankfully, according to the bank of england, the inflation rate is expected to fall starting from the middle of 2023, returning to around 2% over the course of the next few years.