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Auto insurance rates are jumping the most since the 1970s, but there could be relief soon

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Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way.

Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way, according to Bank of America.

Soaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way, according to Bank of America.The bank's economists see several driving factors behind the run-up in costs to ease in the months ahead, possibly taking some of the heat off a category that has

In the CPI calculation, auto insurance has a weighting of nearly 3%, so it's a significant component.

 

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Auto insurance rates are jumping the most since the 1970s, but there could be relief soonSoaring auto insurance costs have been a principle driver behind inflation over the past year, but there could be relief on the way.
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