July’s price increase for auto insurance accelerated against overall CPI drop
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July’s price increase for auto insurance accelerated against overall CPI drop

Kyoung-son Song
August 10, 2022
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The annual price increase for motor vehicle insurance accelerated to 7.4% in July, even as the all-items Consumer Price Index (CPI) moderated to an 8.5% gain compared to the same month last year.

In June, the CPI had hit a record high of a 9.1% increase, marking the steepest rise in prices since November 1981.

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Kyoung-son Song
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