Current Cost Of Living Increase 2024 Election. For these working households, the price of food climbed 4.8 per cent in the year to september, the price of electricity 14.5 per cent and the price of mortgage interest charges 68. Claims about the cost of living and the economy more broadly have underscored the election campaign, and the public have consistently questioned candidates on their pledges.

It’s a smaller increase than the 8.7% bump recipients got this year, which was the largest in. Data from the consumer price index (cpi), a key metric from the bureau of labor statistics used to measure inflation, show that prices increased 3.2 percent between february 2023 and february.