Auto inflation climbs higher despite headline CPI coming in lower
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Auto inflation climbs higher despite headline CPI coming in lower

Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
May 11, 2023
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Personal auto premium inflation YoY changes_lead.jpg

Last week on Allstate’s earnings conference call, CEO Tom Wilson spoke of inflation numbers affecting Allstate’s business as being separate from the overall CPI numbers that grab headlines and move markets.

Yesterday, April’s CPI figures released by the Bureau of Labor Statistics (BLS) showed that auto insurance inflation climbed even higher to 15.5%

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Amit Kumar, Sunmoy Pati, Maria Lamberton, Husain Rupawala
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