Latest / Inflation Explained with Fexingo: CPI, Prices, and the Cost of Living for Everyday People
How Your Car Insurance Is Still Rising Despite Lower CPI
Inflation is cooling, but your auto insurance premium is probably still climbing. In this episode, Lucas and Luna unpack why car insurance costs have become one of the stickiest components of the Consumer Price Index. They dive into the specific mechanics behind it: how rising vehicle repair costs, more expensive parts from China, and the surge in claims frequency have created a lag effect that keeps premiums high even as overall inflation eases. Lucas points to the latest June CPI data, which shows auto insurance up over 8% year-over-year, while headline CPI is down to 2.9%. Luna highlights…
The skinny
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