The overall Consumer Price Index rose by 0.47% (+5.7% annualized) in January from December, the worst month-to-month increase since August 2023. It has been accelerating relentlessly since the low point in June (blue). This acceleration pushed the year-over-year increase to 3.0%, the worst increase since May. 6-month CPI: + 3.6%, worst increase since September 2023. Inflation is going in the wrong direction (red)

Since January 2022, motor vehicle insurance prices have exploded by 55%, fueled by the historic spike in used vehicle prices in 2021 and 2022 (=replacement costs for insurance companies) and by surging repair costs.