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

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