Pss Pension Cpi Increase July 2024. Indexation occurs in line with increases in the consumer. The july 2024 cpi report will likely increase the fed’s confidence that inflation is on the way to its 2% target and position the fed to cut interest rates in.

Public service pensions will therefore be increased from 08 april 2024 by 6.7 per cent, in line with the annual increase in the consumer prices index up to september. The wholesale price index (wpi) inflation for july 2024 eased by a full 134 bps from 3.36% to 2.04%.