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Tag Archives: inflation
The Federal Reserve raised the stakes in the fight to combat rising inflation on Wednesday, hiking interest rates by 0.75% in an effort to douse cold water on historic inflation. The rate hike is the largest increase since 1994. This … Continue reading
A record-high number of serious collisions, skyrocketing used-vehicle prices and surging repair costs create an undesirable scenario for auto insurers: raise rates or go out of business. The newly-released J.D. Power 2022 U.S. Auto Insurance Study highlights that customer satisfaction … Continue reading
The auto glass industry’s 700,000 technicians in 2020 were reduced to 600,000 in 2022, according to Robert C. Dauffenbach, senior associate dean for economic development at the University of Oklahoma. Dauffenbach says the 14% decline presents an opportunity for the … Continue reading
Small-business owners are more pessimistic about the economy than they have been in decades, according to the Small Business Optimism Index released Tuesday by the National Federation of Independent Business. Click here to read more.
The effects of inflation facing companies and consumers alike may also cause your car insurance rates to rise when it is time to renew your policy. Like many other financial obligations, car insurance is an expense that’s facing pressure due … Continue reading
With inflation surging at the fastest pace in 40 years, consumers are feeling the pressure of higher prices behind the wheel. Motor vehicle insurance premiums rose 4% annually in January, which is slightly lower than the overall inflation rate of … Continue reading