Consumer motor vehicle insurance prices in May rose at a 4.5% annual pace, a modest uptick on the 4.4% annual pace in April and 4.2% in March, as insurers ramp up rating action in an attempt to catch up with runaway loss costs.
Meanwhile, the overall Consumer Price Index (CPI) rose at an 8.6% annual pace, slightly higher than April's 8.3% pace.
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