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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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Release date

August 2024

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Region

United Kingdom

Survey time period

January 2022 to June 2024

Supplementary notes

This statistic is using original data from the Office for National Statistics and includes copyright material from © Crown, licensed under the Open Government License v3.0.

Low-income households correspond to income decile 2, middle-income households are in income decile 5, and high-income is income decile 9.

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