The housing costs inflation rate for low-income households in the United Kingdom was noticeably higher than that of high-income ones between April 2022 and April 2023, during a serious cost of living crisis in the UK. As of June 2024, however, the inflation rate for high-income households was higher than that of middle or low incomes ones.
Inflation rate for the Households Costs Index (HCI) in the United Kingdom from January 2022 to June 2024, by household income
Characteristic
Low-income
Middle-income
High-income
Jun 24
1.7%
2.3%
3.3%
May 24
1.9%
2.5%
3.7%
Apr 24
2.4%
2.9%
3.9%
Mar 24
3.9%
4.3%
5%
Feb 24
4.2%
4.6%
5.3%
Jan 24
4.8%
5.2%
5.9%
Dec 23
4.6%
5%
5.7%
Nov 23
4.7%
5.1%
6%
Oct 23
5.3%
5.8%
6.8%
Sep 23
8.3%
8.3%
8.5%
Aug 23
8.4%
8.4%
8.6%
Jul 23
8.4%
8.3%
8.5%
Jun 23
10%
9.7%
9.7%
May 23
10.6%
10.3%
10.2%
Apr 23
10.6%
10.4%
10.2%
Mar 23
13.2%
12.2%
11.4%
Feb 23
13.5%
12.5%
11.7%
Jan 23
13%
12.1%
11.2%
Dec 22
13.3%
12.4%
11.4%
Nov 22
13.5%
12.6%
11.5%
Oct 22
13.6%
12.7%
11.6%
Sep 22
12%
11.4%
10.7%
Aug 22
11.7%
11%
10.3%
Jul 22
11.8%
11.2%
10.5%
Jun 22
11%
10.5%
10%
May 22
10.5%
10.1%
9.7%
Apr 22
10.3%
9.9%
9.5%
Mar 22
7.3%
7.4%
7.7%
Feb 22
6.5%
6.6%
6.8%
Jan 22
5.8%
5.9%
6.2%
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Office for National Statistics (UK). (August 28, 2024). Inflation rate for the Households Costs Index (HCI) in the United Kingdom from January 2022 to June 2024, by household income [Graph]. In Statista. Retrieved December 30, 2024, from https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/
Office for National Statistics (UK). "Inflation rate for the Households Costs Index (HCI) in the United Kingdom from January 2022 to June 2024, by household income." Chart. August 28, 2024. Statista. Accessed December 30, 2024. https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/
Office for National Statistics (UK). (2024). Inflation rate for the Households Costs Index (HCI) in the United Kingdom from January 2022 to June 2024, by household income. Statista. Statista Inc.. Accessed: December 30, 2024. https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/
Office for National Statistics (UK). "Inflation Rate for The Households Costs Index (Hci) in The United Kingdom from January 2022 to June 2024, by Household Income." Statista, Statista Inc., 28 Aug 2024, https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/
Office for National Statistics (UK), Inflation rate for the Households Costs Index (HCI) in the United Kingdom from January 2022 to June 2024, by household income Statista, https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/ (last visited December 30, 2024)
Inflation rate for the Households Costs Index (HCI) in the United Kingdom from January 2022 to June 2024, by household income [Graph], Office for National Statistics (UK), August 28, 2024. [Online]. Available: https://www.statista.com/statistics/1287257/uk-inflation-rate-household-income/
