The latest Office for National Statistics (ONS) reveals that private rented households experienced the highest annual inflation rate of 3% in the year to September 2024, reflecting an increase in private rents. I am doing it.
The data shows that mortgagors and other owners nearly followed with an inflation rate of 2.6% over the same period. 
Inflation rates for all households remain closest to the fifth income decile.
Costs for these households rose 1.8% in the year to September this year, compared to 2.5% for high-income households (decile 9) and 1.4% for low-income households (decile 2).
Outright owners had the lowest annual inflation rate of 1.0% by ownership type over the period. This was followed by social and other renters, with the next lowest rate at 1.9%.
Non-retirement households continued to experience higher annual inflation rates at 2.3% in the year to September 2024, compared with 1.1% for retired households.
According to the ONS, the Household Cost Index's “fixed basket” of goods and services is based on the average household's share of spending, while the Consumer Price Index's basket reflects the total share of spending by all UK households. It is said that they are doing so.
Earlier this month, the ONS reported: Britain's inflation rate rose more sharply than market expectations to 2.3% in October.
This increase was, as expected by the market, due to soaring household utility costs.
