U.S. Bureau of Labor Statistics
Recent News About U.S. Bureau of Labor Statistics
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Motor vehicle insurance rates increasing faster than overall inflation
The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.3% in April, after rising by 0.4% in March, and among the categories that contributed to the increase was motor vehicle insurance, which rose by 1.8% over the month. During March, motor vehicle insurance rose 2.6%.
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Regional inflation up 3.8%, auto insurance rates a contributing factor
In March 2024, the Consumer Price Index (CPI-U) for the South Region increased by 0.4%, with a yearly gain of 3.8%, driven by rises in gasoline and shelter prices, according to the U.S. Bureau of Labor Statistics (BLS).