January auto insurance price increase inches up to 14.7% as all-items CPI moderates

February 14, 2023

The annual price increase for motor vehicle insurance in January inched up to 14.7% from 14.2% the prior month, even as the all-items Consumer Price Index (CPI) slightly moderated to a 6.4% gain for the last 12 months.

In comparison, December’s all-items CPI moderated to a 6.5% gain from a 7.1% gain in November.

Meanwhile, medical inflation – a key input to long-tail loss costs – rose 3.1%

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