What Is 2024 Cost Of Living Increase. The consumer prices index including owner occupiers' housing costs (cpih) rose by 3.1% in the 12 months to august 2024, unchanged from july. It's a snapshot of the current indexes at a specific point in time.

Social security benefits and supplemental security income (ssi) payments for more than 71 million americans will increase by 3.2% in 2024. While more changes continue to be set in motion, here is a brief overview of the main cost of living adjustments for 2024 so far.