Keep an eye on Auto Insurance, it’s currently the cause of nearly half of all annual Supercore inflation:

May 15, 2024 10:31 pm by CWR

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CPI Day!
Keep an eye on Auto Insurance, it's currently the cause of nearly half of all annual Supercore inflation: pic.twitter.com/1w2iCSIFJp

— Michael McDonough (@M_McDonough) May 15, 2024

Auto insurance rates in the US increased by 23% over the past year.

That's the biggest 1-year spike since 1976.

Video: t.co/SosH5NA4Ck pic.twitter.com/YaAuuiXDF5

— Charlie Bilello (@charliebilello) May 15, 2024

See also The Cost of Living crisis was much worse than the official inflation numbers

See also NVIDIA just reported earnings and it's down 5% after hours. $NVDA reported $30 Billion in revenue for Q2 (3.8% higher than expectations.) This is its lowest earnings beat in 18 months.

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