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Rebound in Car Insurance Premiums Helps Bump Up Inflation Temporarily

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13.08.2020

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A rebound in the prices of car insurance, airfares, car rentals and a continuing uptick in gasoline prices pushed up the consumer price average by 0.6 percent in July. Auto insurers had granted one-time premium discounts to customers this spring, but have now largely reversed course, given the resumption in driving. Airfares and car rental prices are moving up from the extremely depressed levels they were at, but still remain below normal. Expect monthly price increases for the rest of the year........

© Kiplinger


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