September CPI: Auto inflation shoots higher, more bad news for the sector?
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September CPI: Auto inflation shoots higher, more bad news for the sector?

Insurance Insider US Research
October 14, 2021
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A1 personal auto prem.jpg

Yesterday, the BLS released September Consumer Price Index (CPI) data which included 4.8% personal auto premium inflation.

The figure is up from -0.8% in August and 1.6% in July. While September’s figure may seem high, 2020 served as an exception as frequency trends diminished materially and insurance costs plummeted.

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