Wednesday's inflation report showed consumer price growth continues to drift higher. The Bureau of Labor Statistics reported price growth accelerated to 3.5% in March, from 3.2% in February. Few categories had as big a jump year on year than auto insurance, which soared 22% from March 2023, the most significant year-on-year jump in that category since 1976. And over the last few years, average auto insurance rates have surged 43%. As of April, the national average cost of car insurance is... Read this story
