2024 Cost Of Living Increase Percentage Usa. This is a drop from last year’s 8.7% increase. 131 rows 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.

This is a drop from last year’s 8.7% increase. Cost of living adjustments (cola) are increases designed to offset inflation.