Auto insurance price increase accelerates to 19.1% YoY in August
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Auto insurance price increase accelerates to 19.1% YoY in August

Kyoung-son Song
September 13, 2023
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Auto insurance prices in August increased 19.1% year-on-year, accelerating once again from 17.8% in July, as the all-items Consumer Price Index (CPI) rose sequentially for the second month.

The overall CPI rise in August was up 0.6 points month-on-month, after increasing 0.2 points in Jul,y which marked the reversal of a downward trend that started in June 2022.

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Kyoung-son Song
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