U.S. Bureau of Labor Statistics
Recent News About U.S. Bureau of Labor Statistics
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Motor vehicle insurance costs continue to outpace overall inflation
Costs for motor vehicle insurance increased three time faster than the national inflation rate throughout the month of August.
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Increases in motor vehicle insurance higher than average inflation
Motor vehicle insurance rates increased by 1.2% in July, higher than the national average inflation rate of 0.2%, according to the latest Consumer Price Index (CPI) summary from the U.S. Bureau of Labor Statistics.
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Bureau of Labor Statistics announces June CPI decrease for the West Region
The U.S. Bureau of Labor Statistics announced that in June, the Consumer Price Index (CPI) for the West Region decreased by 0.2 percent due to lower gasoline prices. Over the past year, the CPI-U increased by 2.8 percent, with food prices rising by 2.6 percent and energy prices increasing by 1 percent.
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Motor vehicle insurance costs rising faster than overall inflation
The U.S. Bureau of Labor Statistic (BLS) reported that the national Consumer Price Index (CPI) decreased by 0.1% in June, after showing no change over the month of May. Over the last year, the all items index has increased an average of 3% nationwide.
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Nevada inflation outpaces national average rates
Inflation rates in the Western Region, which includes Nevada, saw an increase of 0.1% in May of 2024, with a 3.3% increase over the past twelve months.
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Consumer Price Index shows 20.3% increase in car insurance in last year
The U.S. Bureau of Labor Statistics’s (BLS) Consumer Price Index (CPI) report shows an increase of 3.3% in the all items index over the last twelve months, with motor vehicle insurance increasing 20.3% during that time.