2024 Cost Of Living Increase. Food and energy prices rose markedly, particularly gas prices, partly in response to the conflict in ukraine. Over the year ended january 2024, the consumer price index for all urban consumers increased 3.1 percent (not seasonally adjusted).
Insurance and financial services and recreation and culture were the main contributors to. Social security benefits have been increased by 3.2% for 2024, meaning social security recipients and those on supplemental security income (ssi) will see a 3.2% increase.
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