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Why car insurance costs are skyrocketing and leading to higher inflation
Skyrocketing auto insurance costs helped contribute toinflationaccelerating at a faster-than-expected pacein Marchand are adding to the ever more expensive costs for U.S. vehicle owners.On a monthly basis‚ car insurance prices as part of theconsumer price indexrose by an unadjusted 2.7%‚ while the year-over-year increased by 22.2%‚ according todata released Wednesday. The index is a key inflation gauge and a broad measure of the cost of goods and...