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You are here: Home / Archives for Inflation

Small Business Owners Reporting Inflation as Biggest Problem Highest Since 1981

January 13, 2022 By CollisionWeek Editor

Percentage of those citing inflation has jumped 20 points since the beginning of 2021. The NFIB Small Business Optimism Index increased slightly in December to 98.9, up 0.5 points from November. Twenty-two percent of small business owners reported that inflation was their single most important problem encountered in operating their business. Price raising activities have […]

Filed Under: News Tagged With: Inflation, National Federation of Independent Business, Small Business Optimism Index

Interview: Susanna Gotsch, CCC Intelligent Solutions, Details Collision Repair Claims Trends

December 17, 2021 By CollisionWeek Editor

Gotsch discusses data on 2021 claims and the factors influencing collision repair and insurance claims markets into next year. Average cost per part running 8% higher in 2021. Labor rate growth hasn’t accelerated in 2021, but is expected higher in 2022 in wake of labor shortage. In our video interview, Susanna Gotsch, Senior Director, Industry […]

Filed Under: Feature Tagged With: CCC, Claim Frequency, Claim Severity, Inflation, Interview, Labor Rates, Parts Supply

Small Business Optimism Up Slightly in November

December 14, 2021 By CollisionWeek Editor

A net 59% of small business owners increased prices, the highest level since 1979. The NFIB Small Business Optimism Index increased slightly in November by 0.2 points to 98.4. Four of the 10 Index components improved, four declined, and two were unchanged. The NFIB Uncertainty Index decreased four points to 63. “As the end of […]

Filed Under: News Tagged With: Inflation, National Federation of Independent Business, Small Business Optimism Index

U.S. Auto Body Repair Prices Up Over 8% in November Compared to 2020

December 10, 2021 By CollisionWeek Editor

Auto Body Prices insurance, and CPI

The increase in auto body repair prices continues above the rate of inflation. Marks largest year-on-year increase since 1982. The most recent government figures on inflation through November 2021 show the rate of growth of auto body repair prices is above the rate of general inflation for the fifth month in a row. The result […]

Filed Under: Research Tagged With: Auto Body Repair Prices, consumer price index, Inflation, Labor Rates

Consumer Sentiment Down Sharply in Early November

November 16, 2021 By CollisionWeek Editor

Consumer Sentiment Preliminary November 2021

Concerns arise that inflation is impacting living standards. Consumer sentiment fell in early November to its lowest level in a decade due to an escalating inflation rate and the growing belief among consumers that no effective policies have yet been developed to reduce the damage from surging inflation. As CollisionWeek reported November 12, the consumer […]

Filed Under: News Tagged With: Consumer Sentiment Index, Inflation, University of Michigan

Consumer Sentiment Down Slightly in October

November 1, 2021 By CollisionWeek Editor

Consumer Sentiment Index October 2021

Inflation uncertainty highest in four decades. Consumer sentiment has remained virtually unchanged in the past three months, at levels comparable to the pandemic low point in April 2020, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index posted a small decline in October, retreating to 71.7 from last month’s 72.8, and […]

Filed Under: News Tagged With: Consumer Sentiment Index, Inflation, University of Michigan

Consumer Sentiment Up Slightly in September

September 21, 2021 By CollisionWeek Editor

Index of Consumer Sentiment September 2021

University of Michigan survey shows consumer sentiment improved compared to August but down substantially compared to last year. The steep August falloff in consumer sentiment ended in early September, but the small gain still meant that consumers expected the least favorable economic prospects in more than a decade. The Index of Consumer Sentiment stood at […]

Filed Under: News Tagged With: Consumer Sentiment Index, Inflation, University of Michigan

Consumer Sentiment Index Declines in May on Inflation Concerns

June 1, 2021 By CollisionWeek Editor

Consumer Sentiment Index May 2021

Record concerns about rising prices weigh on index. A falloff in consumer confidence in May is due to surging inflation that consumers anticipate will persist in the year ahead, according to the University of Michigan Surveys of Consumers. The Consumer Sentiment Index fell to 82.9 in the May 2021 survey from 88.3 in April, although […]

Filed Under: News Tagged With: Consumer Sentiment Index, Inflation, University of Michigan

U.S. Auto Body Repair Prices Up Over 4.3% in December Compared to 2018

January 16, 2020 By CollisionWeek Editor

Inflation comparison since January 2009 auto body work, auto insurance, and CPI

For the 17th straight month, the increase in body repair prices was above the rate of inflation. Auto insurance prices increased below inflation for the past ten months. The most recent government figures on inflation through December 2019 indicate the rate of growth of auto body repair prices continues above the rate of inflation, marking […]

Filed Under: Research Tagged With: Auto Body Repair Prices, consumer price index, Inflation

U.S. Auto Body Repair Prices Up 4.5% in September Compared to Last Year

November 8, 2019 By CollisionWeek Editor

Inflation comparison since January 2009 auto body work, auto insurance, and CPI

For the 15th straight month, the increase in body repair prices was above the rate of inflation. Auto insurance prices increased below inflation for past seven months. The most recent government figures on inflation through September 2019 indicate the rate of growth of auto body repair prices continues above the rate of inflation, marking more […]

Filed Under: Research Tagged With: Auto Body Repair Prices, consumer price index, Inflation

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