Prices were up year-over-year, but declined on a month-over-month basis. The most recent government figures on inflation through October show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 28th month in a row, but the year-over-year (YoY) rate of increase continues to decline […]
U.S. Auto Body Repair Prices Up Nearly 6% in September Compared to Last Year
Prices were both on a year-over-year and month-over-month basis. The most recent government figures on inflation through September show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 27th month in a row, but the year-over-year (YoY) rate of increase continues to decline compared […]
Report Details How Inflation Varied for Consumers Across U.S. States Last Year
The personal consumption expenditures index was above 9.7% in 10 states in 2022. Nationally, personal consumption expenditures (PCE), in current dollars, increased 9.2 percent in 2022 after increasing 12.9 percent in 2021. PCE increased in all 50 states and the District of Columbia, with the percent change ranging from 11.8 percent in Idaho to 6.4 […]
U.S. Auto Insurer Liability Claim Payouts Soar Due to Inflation
U.S. personal and commercial auto insurer liability claim payouts combined were $96 billion to $105 billion higher between 2013 and 2022 because of social and economic inflation, according to a new Insurance Information Institute (Triple-I) study. “For personal auto liability insurance, increasing inflation drove loss and DCC (defense containment costs) higher by $61 billion,” the […]
U.S. Auto Body Repair Prices Up Over 5% in July Compared to Last Year
Prices were also up on a month-over-month basis. The most recent government figures on inflation through July show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 25th month in a row, but the year-over-year (YoY) rate of increase continues to decline compared to […]
U.S. Auto Body Repair Prices Up in June Compared to May
Prices were also up over 5% on a year-over-year basis. The most recent government figures on inflation through June show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 24th month in a row, but the rate of increase is less than half the […]
U.S. Auto Body Repair Prices Down in May Compared to April
Prices up over 7% on a year-over-year basis. The most recent government figures on inflation through May show the rate of growth of auto body repair prices continues to be above the rate of general inflation for the 23rd month in a row, but the rate of increase is half the rate compared to the […]
U.S. Auto Body Repair Prices Up Over 8% in April Compared to Last Year
On a year-over-year basis, the rate of increase in auto body repair prices is down from recent months and the all-time high in July but continues above the rate of inflation. The most recent government figures on inflation through April, released May 10, show the rate of growth of auto body repair prices continues to […]
Small Business Owners’ Confidence in the National Economy Drops
Inflation concerns continue as just 1 in 5 small businesses believe the U.S. economy is in good health. The MetLife and U.S. Chamber of Commerce Small Business Index, released today, dropped slightly this quarter to 60 from 62.1 as small business owners’ outlook on the national economy weakened. One in five (20%) small business owners […]
U.S. Auto Body Repair Prices Up Over 9% in February Compared to Last Year
On a year-over-year basis, the rate of increase in auto body repair prices is down from last month and the all-time high in July but continues above the rate of inflation. The most recent government figures on inflation through February released Tuesday, March 14 show the rate of growth of auto body repair prices is […]
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