U.S. Bureau of Labor Statistics
Recent News About U.S. Bureau of Labor Statistics
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National inflation rates outpaced by rise in motor vehicle insurance costs
The national average inflation rate increased by 0.2% in July, significantly slower than the 1.2% increase in motor vehicle insurance costs reported in the latest Consumer Price Index (CPI) summary from the U.S. Bureau of Labor Statistics.
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Rising car insurance costs outpace overall inflation increases
The U.S. Bureau of Labor Statistic (BLS) reported that the Consumer Price Index (CPI) decreased by 0.1% in June, after showing no change over the month of May. Over the last year, the all items index has increased an average of 3% nationwide.
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Inflation rates in Georgia increasing faster than national average
Inflation rates in the South Region, which includes Georgia, saw an increase of 0.1% in May of 2024, with a 3.2% increase over the past twelve months.
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National car insurance rates up 20.3% over last year
The U.S. Bureau of Labor Statistics’s (BLS) Consumer Price Index (CPI) report shows an increase of 20.3% in the motor vehicle insurance index over the last twelve months, with the all items index increasing 3.3% during that time.
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Inflation in Atlanta-Sandy Springs-Roswell area up 3.1% in last 12 months
A Consumer Price Index report from the U.S. Bureau of Labor Statistics reported that inflation has increased 3.1% in the Atlanta-Sandy Springs-Roswell area over the last year, with a 0.3% increase over the month of April.
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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).