Current Cost Of Living Increase 2024

Current Cost Of Living Increase 2024. $1 in 2020 is equivalent in purchasing power to about $1.22 today, an increase of $0.22 over 4 years. 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.

Gross rent as a share of household income in the u.s. Over the year ended january 2024, the consumer price index for all urban consumers increased 3.1 percent.