Cost Of Living Inflation Rate 2024 Uk. The cpi measure of inflation was at 2.3% in the year to october, up from 1.7% in september. In the year to january 2024 the annual cpih inflation rate was 4.2%, unchanged from the previous two months.

The inflation rate, which charts the rising cost of living, increased to 2.3% in october. Which was the first time the inflation rate had fallen below the boe’s target since 2021.