2024 Cost Of Living Increase Est . Data from the ssa shows that the average social security benefit in august 2023 was $1,705.79. The consumer prices index including owner occupiers' housing costs (cpih) rose by 2.6% in the 12 months to september 2024, down from 3.1% in august.
The average cost of essentials 2 is forecast to stabilise, following a rapid increase of 24% between 2021 and 2024. Essentials like groceries have seen notable increases in price recently, meaning people have to spend.
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