2024 Cost Of Living Increase Rate

2024 Cost Of Living Increase Rate. The annual inflation rate for the united states was 2.6% for the 12 months ending october, compared to the previous rate increase of 2.4%, according to u.s. In september 2024, housing starts were running at a seasonally adjusted annual rate of 1.35 million, according to the census bureau’s survey of construction.

With the expected adjustment for cost of living for 2024 at 8.7%, if you give an employee an annual salary increase of $10,000, you will need to adjust that amount to. Pera retirees, meanwhile, have seen their annual cost of living adjustments fall to just 1% — less than half the rate of inflation.