Here are key items really driving inflation now
Car insurance +22% in past year
Car repair +12%
Baby formula +10%
Veterinarian +10%
Rent +5.9%
Electricity +5%
Restaurants +4.2%
(Gas up 1.3% in past year)
@TwoPartyNaomiSocialist1mo1MO
That car insurance and car repairs are going up seems like pure greed. I can testify to that personally. My insurance is way up from what it was a couple of years ago. And there's zero explanation.
@PonySamanthaLibertarian1mo1MO
Zero explanation? Car repair prices are through the roof. Supply chain issues, higher cost of labor if you can even find a qualified car tech, and tons of costly sensors and gizmos in car bodies for safety systems.
Number of new drivers and extra cars on the road
Number of uninsured (this number is staggering)
Cost of repairs increased (chicken and egg)
Increased payroll
People spending money (observed by industry)
@W3lfareJayMountain1mo1MO
Cost of labor is up big. Cost of materials are up big. Demand for repair is up as well, thanks to this admin's feckless attempts to centrally plan the auto market. Cost to insure correlates with cost to repair or replace. There are explanations, you just don't like them.
