What has the cost of living been since 2003?

Since 2003, the cost of living has generally increased due to factors such as inflation, rising housing prices, and higher costs for essential goods and services. In many regions, particularly in urban areas, housing has become a significant driver of living costs. Various economic events, including the 2008 financial crisis and the COVID-19 pandemic, have also influenced cost trends. Overall, consumers have faced a gradual increase in living expenses over the past two decades.