Gas, Inflation, Insurance Insights — Indicator News.
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In this edition:
Gas and used vehicle prices keep inflation high
Inflation in the consumer price index returned to 4.9% from 4.5% in April, driven largely by gas and car costs.
According to Investopedia, the cost of living remained uncomfortably high due to the impact of gas prices and vehicle expenses. The main factors contributing to a 0.4% month-over-month increase in the index were notable price hikes in gas and the costs of used cars and trucks.
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Insurance prices surged, too—here’s how to fight them
Insurance premiums have outpaced inflation due to rising repair costs and car rental rates, according to The New York Times. Auto insurance costs surged by 15% in March, much higher than the 5% inflation rate.
The average annual premium: around $2,000.
Tips for savings:
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About Indicator
The Indicator Newsletter by Cardata is the leading business mobility resource in the industry. We bring weekly insights into the latest trends and developments in the world of business mobility. Our goal is to provide professionals with valuable information and analysis that can help them make informed decisions and stay ahead in this fast-paced space.
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